The market data from 6 similar recent sales in BARTON CREEK SEC points to a value of approximately $3,402,561. To sell within a reasonable timeframe at fair market value, the $2,308,000 to $2,318,000 range is where I'd position this. In the current BARTON CREEK SEC market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. The larger floor plan (789 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 3 of 6 comparable sales didn't include one. Current inventory shows 4 comparable homes in BARTON CREEK SEC; a balanced market based on recent absorption. In BARTON CREEK SEC, home values have risen approximately 11.4% over the past 6 months. One of the strongest data points is 8700 Calera DR, Austin TX 78735, adjusting to $3,272,836; with a smaller floor plan. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
