After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $3,519,024. Pricing this home between $4,236,000 and $5,187,000 would put it in the competitive sweet spot for 78746. This home's position in the current 78746 market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. The larger lot (2.21 acres versus the area average of 1.70) contributes to the valuation. Buyers in 78746 have 7 comparable options right now, with asking prices between $3,499,950 and $9,500,000. Market data shows 78746 prices risen 2.5% over the last half year. The closest comparable sale, 23 St Stephens School RD, Austin TX 78746 at an adjusted $5,187,285, is with a larger floor plan and a pool. The comp data here (3 sales in 78746) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus