The market data from 3 similar recent sales in ROB ROY points to a value of approximately $3,827,304. To sell within a reasonable timeframe at fair market value, the $2,410,000 to $2,420,000 range is where I'd position this. With 7 comparable homes on the market in ROB ROY, this price positions the property as the most expensive of 7 comparable homes on the market. This home's larger footprint (925 sqft vs the comp average) plays a role in how the market prices it. At 1.54 acres, the lot is larger than the 1.49 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in ROB ROY, listed between $2,190,000 and $5,500,000. In ROB ROY, home values have fallen approximately 22.9% over the past 6 months. One of the strongest data points is 1401 N Weston LN, Austin TX 78733, adjusting to $7,451,370; with a smaller floor plan and a pool. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
