The estimated value of this property is $2,213,070, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $2,147,000 and $2,279,000. In the current SHOALMONT market with 1 similar homes available, this price represents below the only comparable home currently on the market. The larger floor plan (1,353 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2018, this home is 6 years older than the average comp, which is reflected in the adjustments. The active market in SHOALMONT includes 1 comparable homes priced from $2,585,000 to $2,585,000. Recent trends in SHOALMONT show home values have fallen 6.9% since 6 months ago. The most comparable recent sale is 5405 Montview ST, Austin TX 78756, with an adjusted value of $2,215,141; with a smaller floor plan. With 3 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