The market data from 7 similar recent sales in JESTER ESTATE points to a value of approximately $878,977. To sell within a reasonable timeframe at fair market value, the $982,000 to $994,000 range is where I'd position this. With 7 comparable homes on the market in JESTER ESTATE, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 161 sqft smaller than the typical comp, the size difference factors into the valuation. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. Right now, 7 similar properties are competing for buyers in JESTER ESTATE, listed between $740,000 and $2,000,000. In JESTER ESTATE, home values have risen approximately 1.5% over the past 6 months. One of the strongest data points is 7304 Halbert DR, Austin TX 78750, adjusting to $765,269; with no pool. 7 comparable transactions in JESTER ESTATE 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