Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $3,074,368. To generate strong buyer interest while maximizing value, I'd price this between $2,488,000 and $2,498,000. With 4 comparable homes on the market in BARTON CREEK ABC WEST, this price positions the property as the most expensive of 4 comparable homes on the market. The 2011 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.72 acres, the lot is smaller than the 0.82 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in BARTON CREEK ABC WEST, ranging from $2,799,000 to $5,100,000. The trend in 78735 shows prices have fallen 5.1% in the past 6 months. 8605 Mendocino DR, Austin TX 78735 nearby adjusts to $3,484,899; a strong comparable. 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
