The estimated value of this property is $2,421,880, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,596,000 and $3,082,000. At this price, the property would be the 2nd most expensive of 6 comparable homes on the market comparable homes currently on the market in 78735. Being 167 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.55 acre lot (larger than the 0.49 acre average) is reflected in the estimate. Right now, 6 similar properties are competing for buyers in 78735, listed between $1,999,000 and $3,275,000. Recent trends in 78735 show home values have fallen 5.4% since 6 months ago. The most comparable recent sale is 8744 Chalk Knoll DR, Austin TX 78735, with an adjusted value of $2,151,655; with a smaller floor plan and a pool. Based on 7 relevant data points in 78735, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
