Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $3,551,039. To generate strong buyer interest while maximizing value, I'd price this between $1,989,000 and $1,999,000. With 5 comparable homes on the market in BARTON CREEK SEC, this price positions the property as the most expensive of 5 comparable homes on the market. At 267 sqft larger than the typical comp, the size difference factors into the valuation. The 2014 construction puts this home 10 years newer than the comp average, a factor in the pricing. 5 similar homes are currently available in BARTON CREEK SEC, creating a balanced market for this price range. The trend in BARTON CREEK SEC shows prices have risen 11.4% in the past 6 months. 8809 Mendocino DR, Austin TX 78735 nearby adjusts to $2,760,428; with a smaller floor plan. 7 comparable transactions in BARTON CREEK SEC 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
