5304 Arbutus CV, Austin TX 78746

Based on 5 closed sales in TIERRA MADRONES, the data points to a value around $2,394,973 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $2,116,000 to $2,126,000. Buyers shopping in TIERRA MADRONES right now would see this as a well positioned option among 4 comparable homes. Being 135 sqft larger than the average comparable sale in this area impacts the per square foot value. A pool adds market appeal. Only 5 minus 1 of the comps had one. With 4 similar homes currently listed in TIERRA MADRONES (a buyer's market), competition is a factor to consider. Market data shows 78746 prices risen 3.2% over the last half year. The closest comparable sale, 3801 Cassava DR, Austin TX 78746 at an adjusted $2,768,684, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in TIERRA MADRONES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group