My analysis of 3 comparable properties puts this home's estimated value at $3,618,436. Based on how the local market is moving, a list price between $4,286,000 and $4,291,000 would position this home well. Buyers shopping in SPANISH OAKS right now would see this as a well positioned option among 3 comparable homes. Being 1,282 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (1.20 acres versus the area average of 1.13) contributes to the valuation. The active market in SPANISH OAKS includes 3 comparable homes priced from $3,950,000 to $5,799,000. The 6 month price trend in SPANISH OAKS: fallen 23.1%. The best comp here is 4916 Paraiso PKWY, Austin TX 78738 at an adjusted value of $2,803,225, with a smaller floor plan. The comp data here (3 sales in SPANISH OAKS) 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
