After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $1,001,997. Pricing this home between $796,000 and $806,000 would put it in the competitive sweet spot for GREAT HILLS. This home's position in the current GREAT HILLS market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. At 7 years older than typical comps, the 1981 build date influences the valuation. The larger lot (0.68 acres versus the area average of 0.46) contributes to the valuation. Buyers in GREAT HILLS have 7 comparable options right now, with asking prices between $725,000 and $1,669,000. Market data shows GREAT HILLS prices fallen 11.2% over the last half year. The closest comparable sale, 5210 Rain Creek PKWY, Austin TX 78759 at an adjusted $953,374, is with a smaller floor plan. With 5 comparable sales in GREAT HILLS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group