After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $2,481,454. Pricing this home between $1,035,000 and $1,045,000 would put it in the competitive sweet spot for VISTA RIDGE. This would position the home competitively among 7 active listings in VISTA RIDGE. Being 124 sqft smaller than the average comparable sale in this area impacts the per square foot value. 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 $1,130,000 to $3,399,900. Market data shows VISTA RIDGE prices fallen 21.8% over the last half year. The closest comparable sale, 7320 Vista Mountain DR, Austin TX 78731 at an adjusted $2,040,204, is with a smaller floor plan. With 5 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
