Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,473,221. To generate strong buyer interest while maximizing value, I'd price this between $1,429,000 and $1,517,000. Among the similar homes currently available in 78737, this price point stands out as competitive. At 1,880 sqft larger than the typical comp, the size difference factors into the valuation. At 2.12 acres, the lot is larger than the 0.60 acre comp average, which factors into pricing. There are currently 1 similar homes on the market in 78737, ranging from $2,750,000 to $2,750,000. The trend in 78737 shows prices have risen 3.7% in the past 6 months. 8500 Young LN, Austin TX 78737 nearby adjusts to $2,126,743; with a smaller floor plan. The 7 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
