5309 ARBUTUS CV, Austin TX 78746

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $4,446,205. I'd recommend coming to market at $5,205,000 to $6,242,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in TIERRA MADRONES, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. At 128 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2017, this home is 10 years newer than the average comp, which is reflected in the adjustments. 4 similar homes are currently available in TIERRA MADRONES, creating a buyer's market for this price range. The trend in 78746 shows prices have risen 6.5% in the past 6 months. 4320 River Garden TRL, Austin TX 78746 nearby adjusts to $3,292,053; with a larger floor plan and a pool. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group