Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $813,200. I'd recommend coming to market at $789,000 to $838,000 to strike the right balance between value and market velocity. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in BRIARCLIFF. Built in 2019, this home is 18 years newer than the average comp, which is reflected in the adjustments. The 0.42 acre lot (smaller than the 0.99 acre average) is reflected in the estimate. The active market in BRIARCLIFF includes 1 comparable homes priced from $999,000 to $999,000. The trend in 78669 shows prices have fallen 0.8% in the past 6 months. 22127 OBAN DR, Spicewood TX 78669 nearby adjusts to $519,699; with a smaller floor plan. Based on 7 relevant data points in BRIARCLIFF, 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
