After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,936,972. Pricing this home between $1,898,000 and $1,976,000 would put it in the competitive sweet spot for TIN LAKE ESTATES. This home's position in the current TIN LAKE ESTATES market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. The larger floor plan (2,344 sqft compared to the average comp) is a meaningful differentiator in this price range. Having a pool is a plus; 7 of the 7 comps lacked one. 3 similar homes are currently available in TIN LAKE ESTATES, creating a buyer's market for this price range. Market data shows TIN LAKE ESTATES prices risen 7.7% over the last half year. The closest comparable sale, 2402 Bahama RD, Austin TX 78733 at an adjusted $1,370,669, is with a smaller floor plan and no pool. With 7 comparable sales in TIN LAKE ESTATES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
