618 Vendemmia BND, Austin TX 78738

The market data from 7 similar recent sales in 78738 points to a value of approximately $2,073,474. To sell within a reasonable timeframe at fair market value, the $1,523,000 to $1,533,000 range is where I'd position this. With 3 comparable homes on the market in 78738, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (2,229 sqft vs the comp average) plays a role in how the market prices it. At 0.90 acres, the lot is larger than the 0.78 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in 78738, listed between $1,399,000 and $3,500,000. In 78738, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 206 Barbuda DR, Austin TX 78734, adjusting to $2,028,600; 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