The estimated value of this property is $5,985,821, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $6,479,000 and $6,523,000. Against 3 similar active listings in GREEN PARK, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 5,029 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1993, this home is 5 years older than the average comp, which is reflected in the adjustments. The active market in GREEN PARK includes 3 comparable homes priced from $5,495,000 to $15,900,000. Recent trends in 78746 show home values have risen 5.8% since 6 months ago. The most comparable recent sale is 3704 Soaring Eagle, Austin TX 78746, with an adjusted value of $5,799,750; with a smaller floor plan. Based on 7 relevant data points in GREEN PARK, 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