After reviewing 7 recent transactions in BROWN, I estimate this property's value at $1,540,323. A competitive list price for this home right now would fall in the $862,000 to $872,000 range. This home's position in the current BROWN market: the most expensive of 6 comparable homes on the market among comparable properties. This home's smaller footprint (211 sqft vs the comp average) plays a role in how the market prices it. The larger lot (3.75 acres versus the area average of 0.60) contributes to the valuation. The active market in BROWN includes 6 comparable homes priced from $774,000 to $1,475,000. Prices in 78746 have risen 22.6% over the last 6 months. A similar home at 201 BULIAN LN # B, Austin TX 78746 carries an adjusted comparable value of $1,147,421, providing a strong data point. The comp data here (7 sales in BROWN) 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