The market data from 4 similar recent sales in SPANISH OAKS points to a value of approximately $3,194,758. To sell within a reasonable timeframe at fair market value, the $1,702,000 to $1,712,000 range is where I'd position this. Against 3 similar active listings in SPANISH OAKS, this price point lands at the most expensive of 3 comparable homes on the market. At 483 sqft smaller than the typical comp, the size difference factors into the valuation. The 2013 construction puts this home 7 years older than the comp average, a factor in the pricing. Buyers in SPANISH OAKS have 3 comparable options right now, with asking prices between $1,695,000 and $2,650,000. In SPANISH OAKS, home values have fallen approximately 6.5% over the past 6 months. One of the strongest data points is 12625 Maidenhair, #31 LN, Austin TX 78738, adjusting to $3,296,692; with a larger floor plan and a pool. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group