The estimated value of this property is $5,500,866, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $5,336,000 and $5,666,000. Against 1 similar active listings in GREEN PARK, this price point lands at below the only comparable home currently on the market. At 4,635 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1993, this home is 8 years older than the average comp, which is reflected in the adjustments. The active market in GREEN PARK includes 1 comparable homes priced from $15,900,000 to $15,900,000. Recent trends in 78746 show home values have risen 10.7% since 6 months ago. The most comparable recent sale is 4604 Mantle DR, Austin TX 78746, with an adjusted value of $5,679,242; 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