My analysis of 7 comparable properties puts this home's estimated value at $5,004,946. Based on how the local market is moving, a list price between $5,325,000 and $5,608,000 would position this home well. This pricing would rank the home as the most affordable of 2 comparable homes on the market in BARTON CREEK SEC's current inventory. The larger floor plan (4,720 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (3.13 acres versus the area average of 1.42) contributes to the valuation. There are currently 2 similar homes on the market in BARTON CREEK SEC, ranging from $5,000,000 to $7,500,000. The 6 month price trend in BARTON CREEK SEC: risen 11.4%. The best comp here is 4229 Verano DR, Austin TX 78735 at an adjusted value of $4,497,500, with a smaller floor plan. With 7 comparable sales in BARTON CREEK SEC, 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