The market data from 7 similar recent sales in DAVENPORT RANCH points to a value of approximately $1,563,280. To sell within a reasonable timeframe at fair market value, the $2,158,000 to $2,385,000 range is where I'd position this. Among the similar homes currently available in DAVENPORT RANCH, this price point stands out as competitive. The 350 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.17 acres, the lot is smaller than the 0.44 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in DAVENPORT RANCH, listed between $1,725,000 and $8,950,000. In DAVENPORT RANCH, home values have risen approximately 24% over the past 6 months. One of the strongest data points is 5705 Carry Back LN, Austin TX 78746, adjusting to $1,870,377; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group