After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $3,468,302. Pricing this home between $2,729,000 and $2,739,000 would put it in the competitive sweet spot for 78746. This home's position in the current 78746 market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (152 sqft compared to the average comp) is a meaningful differentiator in this price range. At 6 years newer than typical comps, the 2006 build date influences the valuation. Buyers in 78746 have 7 comparable options right now, with asking prices between $2,475,000 and $5,250,000. Market data shows 78746 prices risen 24.7% over the last half year. The closest comparable sale, 2541 Waymaker WAY, Austin TX 78746 at an adjusted $3,243,710, is with a pool. The comp data here (7 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