The estimated value of this property is $1,289,880, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,264,000 and $1,316,000. Among the similar homes currently available in 78746, this price point stands out as competitive. At 1,830 sqft larger than the typical comp, the size difference factors into the valuation. The 0.72 acre lot (larger than the 0.29 acre average) is reflected in the estimate. Recent trends in 78746 show home values have fallen 7.5% since 6 months ago. The most comparable recent sale is 2800 Waymaker WAY # 36, Austin TX 78746, with an adjusted value of $1,360,142; with a smaller floor plan. Based on 7 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
