After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,530,360. Pricing this home between $1,500,000 and $1,561,000 would put it in the competitive sweet spot for JOHNSON CHARLES. This home's position in the current JOHNSON CHARLES market: the 4th most expensive of 7 comparable homes on the market among comparable properties. Being 206 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 32 years newer than typical comps, the 2007 build date influences the valuation. With 7 similar homes currently listed in JOHNSON CHARLES (a buyer's market), competition is a factor to consider. Market data shows 78703 prices risen 14.8% over the last half year. The closest comparable sale, 2207 Mountain View RD, Austin TX 78703 at an adjusted $1,333,936, is with a larger floor plan. With 7 comparable sales in JOHNSON CHARLES, 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
