Based on 7 closed sales in RIVER PLACE, the data points to a value around $1,796,476 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,566,000 to $1,576,000. Relative to what's currently available in RIVER PLACE, this home would be the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (1,316 sqft vs the comp average) plays a role in how the market prices it. Being built in 2015 (11 years newer than comps) is factored into the value estimate. 7 similar homes are currently available in RIVER PLACE, creating a buyer's market for this price range. Market data shows RIVER PLACE prices fallen 1.8% over the last half year. The closest comparable sale, 4105 Michael Neill DR, Austin TX 78730 at an adjusted $1,651,395, is with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
