Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $2,146,744. I'd recommend coming to market at $2,104,000 to $2,190,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in LAKE RIDGE ESTATES, this price positions the property as the most expensive of 7 comparable homes on the market. The 151 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2015, this home is 24 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in LAKE RIDGE ESTATES; a balanced market based on recent absorption. The trend in 78733 shows prices have risen 39.3% in the past 6 months. 4904 Old Bee Caves RD, Austin TX 78746 nearby adjusts to $1,860,180; with a smaller floor plan. Based on 7 relevant data points in LAKE RIDGE ESTATES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
