My analysis of 3 comparable properties puts this home's estimated value at $3,455,016. Based on how the local market is moving, a list price between $2,761,000 and $2,771,000 would position this home well. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in BARTON CREEK SEC's current inventory. The smaller floor plan (223 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.99 acres versus the area average of 0.92) contributes to the valuation. There are currently 7 similar homes on the market in BARTON CREEK SEC, ranging from $2,335,000 to $4,250,000. The 6 month price trend in BARTON CREEK SEC: risen 10.6%. The best comp here is 4220 Verano DR, Austin TX 78735 at an adjusted value of $3,314,421, with a larger floor plan. With 3 comparable sales in BARTON CREEK SEC, 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