Reviewing the most recent comparable transactions, this home's market value falls around $1,219,705. For a well positioned listing in GREAT HILLS, I'd target the $1,000,000 to $1,010,000 range. Against 3 similar active listings in GREAT HILLS, this price point lands at the most expensive of 3 comparable homes on the market. At 129 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. 3 similar homes are currently available in GREAT HILLS, creating a balanced market for this price range. Recent trends in GREAT HILLS show home values have risen 4.2% since 6 months ago. The most comparable recent sale is 5654 Rain Creek PKWY, Austin TX 78759, with an adjusted value of $1,178,214; a strong comparable. 7 comparable transactions in GREAT HILLS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group