The comparable sales data (3 recent transactions in UPLANDS) supports an estimated value of $1,498,620. The data suggests a list price between $1,765,000 and $1,902,000 would attract qualified buyers without leaving money on the table. This home's position in the current UPLANDS market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 210 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.63 acres versus 0.49 for the typical comp. 3 similar homes are currently available in UPLANDS, creating a buyer's market for this price range. Prices in 78738 have fallen 0.7% over the last 6 months. A similar home at 11606 Uplands Ridge DR, Bee Cave TX 78738 carries an adjusted comparable value of $1,226,156, providing a strong data point. The strength of this estimate comes from 3 directly comparable sales in UPLANDS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group