The market data from 5 similar recent sales in SPANISH OAKS points to a value of approximately $2,651,732. To sell within a reasonable timeframe at fair market value, the $1,783,000 to $1,793,000 range is where I'd position this. Against 3 similar active listings in SPANISH OAKS, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 305 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.96 acres, the lot is larger than the 0.89 acre comp average, which factors into pricing. Buyers in SPANISH OAKS have 3 comparable options right now, with asking prices between $1,795,000 and $4,950,000. In SPANISH OAKS, home values have risen approximately 31.1% over the past 6 months. One of the strongest data points is 12129 Musket Rim ST, Austin TX 78738, adjusting to $2,107,397; with a larger floor plan and a pool. The 5 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