5316 Spanish Oaks Club BLVD, Austin TX 78738

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $3,117,588. I'd recommend coming to market at $1,068,000 to $1,078,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in SPANISH OAKS, this price positions the property as the most expensive of 7 comparable homes on the market. At 518 sqft smaller than the typical comp, the size difference factors into the valuation. The 1.00 acre lot (larger than the 0.78 acre average) is reflected in the estimate. With 7 similar homes currently listed in SPANISH OAKS (a buyer's market), competition is a factor to consider. The trend in SPANISH OAKS shows prices have fallen 10.8% in the past 6 months. 5005 Spanish Oaks Club BLVD, Austin TX 78738 nearby adjusts to $2,381,638; with a larger floor plan. Based on 3 relevant data points in SPANISH OAKS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX