The estimated value of this property is $1,577,282, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,269,000 and $1,279,000. Among the similar homes currently available in 78620, this price point stands out as competitive. The larger floor plan (706 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2014, this home is 5 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 78620; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 150 Darter LN, Dripping Springs TX 78620, with an adjusted value of $1,113,165; a strong comparable. Based on 7 relevant data points in 78620, 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
