7001 Oak Shores & 3607 Robbins DR, Austin TX 78730

This home was listed at $11,150,000 and was on the market for 120 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $8,039,792. Here are some factors that may have played a role: At $1641/sqft, the asking price appears to have been significantly above the neighborhood average of $359/sqft. That gap that can deter buyer interest. After 120 days on market, buyer interest typically drops, and listings can become "stale" in buyer perception. The listing had a price reduction during its time on market, which can sometimes affect buyer perception. At 1,523 sqft larger than the typical comp, the size difference factors into the valuation. A pool adds market appeal. Only 7 minus 1 of the comps had one. The strength of this estimate comes from 7 directly comparable sales in SUNRISE TERRACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group