Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,065,427. To generate strong buyer interest while maximizing value, I'd price this between $1,504,000 and $1,583,000. With 3 comparable homes on the market in HILL COUNTRY, this price positions the property as the most affordable of 3 comparable homes on the market. The larger floor plan (164 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2011 construction puts this home 7 years newer than the comp average, a factor in the pricing. The active market in HILL COUNTRY includes 3 comparable homes priced from $1,899,000 to $4,250,000. The trend in 78736 shows prices have fallen 7.1% in the past 6 months. 6601 Midwood PKWY, Austin TX 78736 nearby adjusts to $1,503,665; with a smaller floor plan. 7 comparable transactions in HILL COUNTRY 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
