The estimated value of this property is $2,064,594, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,534,000 and $4,439,000. Among the similar homes currently available in 78746, this price point stands out as competitive. At 218 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.72 acre lot (smaller than the 0.78 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in 78746; a buyer's market based on recent absorption. Recent trends in 78746 show home values have fallen 7% since 6 months ago. The most comparable recent sale is 724 Stonewall Ridge LN, Austin TX 78746, with an adjusted value of $1,968,887; with a smaller floor plan and a pool. Based on 3 relevant data points in 78746, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
