The comparable sales data (7 recent transactions in 78737) supports an estimated value of $1,159,304. The data suggests a list price between $1,241,000 and $1,261,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in 78737's current inventory. Being built in 2005 (8 years newer than comps) is factored into the value estimate. Lot size matters here: 1.11 acres versus 0.29 for the typical comp. 3 similar homes are currently available in 78737, creating a balanced market for this price range. Prices in 78737 have risen 1.3% over the last 6 months. A similar home at 9608 Prescott DR, Austin TX 78749 carries an adjusted comparable value of $1,002,150, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in 78737. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
