The market data from 5 similar recent sales in BARTON CREEK ABC MID DEC points to a value of approximately $2,317,056. To sell within a reasonable timeframe at fair market value, the $2,798,000 to $3,179,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in BARTON CREEK ABC MID DEC. Being 316 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.58 acres, the lot is larger than the 0.51 acre comp average, which factors into pricing. With 6 similar homes currently listed in BARTON CREEK ABC MID DEC (a buyer's market), competition is a factor to consider. In 78735, home values have fallen approximately 14.2% over the past 6 months. One of the strongest data points is 8744 Chalk Knoll DR, Austin TX 78735, adjusting to $2,117,317; with a larger floor plan. The 5 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