Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,549,446. To generate strong buyer interest while maximizing value, I'd price this between $1,414,000 and $1,424,000. In the current SHEPHERD MOUNTAIN market with 5 similar homes available, this price represents the 3rd most expensive of 5 comparable homes on the market. The 701 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.48 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. There are currently 5 similar homes on the market in SHEPHERD MOUNTAIN, ranging from $1,495,000 to $7,495,000. The trend in 78730 shows prices have fallen 7.2% in the past 6 months. 5901 Inter Council CV, Austin TX 78731 nearby adjusts to $1,613,464; with a smaller floor plan and a pool. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
