Reviewing the most recent comparable transactions, this home's market value falls around $4,141,043. For a well positioned listing in SPANISH OAKS, I'd target the $2,536,000 to $2,546,000 range. At this price, the property would be the 3rd most expensive of 6 comparable homes on the market comparable homes currently on the market in SPANISH OAKS. The 295 sqft size difference versus comparable sales is reflected in the adjusted values. At 3.53 acres, the lot is larger than the 0.98 acre comp average, which factors into pricing. With 6 similar homes currently listed in SPANISH OAKS (a buyer's market), competition is a factor to consider. Recent trends in SPANISH OAKS show home values have fallen 36% since 6 months ago. The most comparable recent sale is 12308 Emory Oak LN, Austin TX 78738, with an adjusted value of $5,473,062; with a larger 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
