Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $2,146,647. I'd recommend coming to market at $2,628,000 to $3,109,000 to strike the right balance between value and market velocity. In the current SKY FOREST market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The pool is a standout feature, with 1 of 3 comparable homes not offering one. Built in 2006, this home is 9 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in SKY FOREST, listed between $1,875,000 and $3,375,000. The trend in 78746 shows prices have risen 0.3% in the past 6 months. 1908 Real Catorce DR, Austin TX 78746 nearby adjusts to $2,628,126; with a larger floor plan. Based on 3 relevant data points in SKY FOREST, 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
