Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,390,635. To generate strong buyer interest while maximizing value, I'd price this between $2,343,000 and $2,438,000. With 6 comparable homes on the market in OLD STONEHEDGE, this price positions the property as the 2nd least expensive of 6 comparable homes on the market. Being 464 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 1 of 5 comparable sales didn't include one. With 6 similar homes currently listed in OLD STONEHEDGE (a balanced market), competition is a factor to consider. The trend in 78746 shows prices have fallen 12.8% in the past 6 months. 601 Westwood TER, Austin TX 78746 nearby adjusts to $2,581,058; with a smaller floor plan. 5 comparable transactions in OLD STONEHEDGE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group