After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $2,410,388. Pricing this home between $1,147,000 and $1,157,000 would put it in the competitive sweet spot for VISTA RIDGE. This would position the home competitively among 7 active listings in VISTA RIDGE. The larger lot (0.38 acres versus the area average of 0.27) contributes to the valuation. The active market in VISTA RIDGE includes 7 comparable homes priced from $1,225,000 to $3,399,900. Market data shows VISTA RIDGE prices fallen 26.4% over the last half year. The closest comparable sale, 7320 Vista Mountain DR, Austin TX 78731 at an adjusted $2,040,096, is with a smaller floor plan. With 6 comparable sales in VISTA RIDGE, 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
