The market data from 3 similar recent sales in SPANISH OAKS points to a value of approximately $3,050,203. To sell within a reasonable timeframe at fair market value, the $1,552,000 to $1,562,000 range is where I'd position this. Against 4 similar active listings in SPANISH OAKS, this price point lands at the most expensive of 4 comparable homes on the market. At 545 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 4 comparable options right now, with asking prices between $1,495,000 and $2,650,000. In SPANISH OAKS, home values have fallen approximately 10.1% over the past 6 months. One of the strongest data points is 12625 Maidenhair, #31 LN, Austin TX 78738, adjusting to $3,296,369; with a larger floor plan and a pool. The 3 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