Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,136,016. To generate strong buyer interest while maximizing value, I'd price this between $894,000 and $904,000. With 7 comparable homes on the market in HILL COUNTRY, this price positions the property as the most expensive of 7 comparable homes on the market. The larger floor plan (140 sqft compared to the average comp) is a meaningful differentiator in this price range. At 1.24 acres, the lot is larger than the 0.43 acre comp average, which factors into pricing. The active market in HILL COUNTRY includes 7 comparable homes priced from $885,000 to $1,299,000. The trend in HILL COUNTRY shows prices have fallen 27.2% in the past 6 months. 6601 Midwood PKWY, Austin TX 78736 nearby adjusts to $1,501,768; 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
