The comparable sales data (7 recent transactions in RIVER PLACE) supports an estimated value of $1,715,702. The data suggests a list price between $2,083,000 and $2,635,000 would attract qualified buyers without leaving money on the table. This home's position in the current RIVER PLACE market: the 2nd least expensive of 6 comparable homes on the market among comparable properties. Being 1,912 sqft larger than the average comparable sale in this area impacts the per square foot value. A pool adds market appeal. Only 7 minus 3 of the comps had one. Right now, 6 similar properties are competing for buyers in RIVER PLACE, listed between $1,495,000 and $3,690,000. Prices in RIVER PLACE have risen 24.4% over the last 6 months. A similar home at 9528 Big View DR, Austin TX 78730 carries an adjusted comparable value of $1,827,920, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in RIVER PLACE. 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