My analysis of 5 comparable properties puts this home's estimated value at $1,801,223. Based on how the local market is moving, a list price between $1,430,000 and $1,440,000 would position this home well. Buyers shopping in ROB ROY right now would see this as a well positioned option among 7 comparable homes. Having a pool is a plus; 2 of the 5 comps lacked one. The larger lot (1.25 acres versus the area average of 1.15) contributes to the valuation. The active market in ROB ROY includes 7 comparable homes priced from $1,379,900 to $5,250,000. The 6 month price trend in ROB ROY: fallen 28.4%. The best comp here is 700 Barrett LN, Austin TX 78733 at an adjusted value of $1,170,302, with a smaller floor plan. With 5 comparable sales in ROB ROY, 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