After reviewing 3 recent transactions in PATTERSON PLACE, I estimate this property's value at $1,937,388. A competitive list price for this home right now would fall in the $2,215,000 to $2,481,000 range. Relative to what's currently available in PATTERSON PLACE, this home would be the most affordable of 7 comparable homes on the market. This home's smaller footprint (336 sqft vs the comp average) plays a role in how the market prices it. Having a pool is a plus; 1 of the 3 comps lacked one. The active market in PATTERSON PLACE includes 7 comparable homes priced from $1,999,900 to $7,495,000. Prices in 78746 have fallen 2.1% over the last 6 months. A similar home at 604 N River Hills RD, Austin TX 78733 carries an adjusted comparable value of $2,135,163, providing a strong data point. The comp data here (3 sales in PATTERSON PLACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus