Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,557,086. To generate strong buyer interest while maximizing value, I'd price this between $1,847,000 and $1,878,000. Against 7 similar active listings in DAVENPORT RANCH, this price point lands at the most affordable of 7 comparable homes on the market. This home's smaller footprint (306 sqft vs the comp average) plays a role in how the market prices it. At 0.15 acres, the lot is smaller than the 0.37 acre comp average, which factors into pricing. Buyers in DAVENPORT RANCH have 7 comparable options right now, with asking prices between $1,490,000 and $2,750,000. The trend in DAVENPORT RANCH shows prices have risen 36.7% in the past 6 months. 4250 Westlake DR, Austin TX 78746 nearby adjusts to $1,170,415; 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