Reviewing the most recent comparable transactions, this home's market value falls around $2,298,759. For a well positioned listing in ARBOLAGO, I'd target the $1,315,000 to $1,325,000 range. With 6 comparable homes on the market in ARBOLAGO, this price positions the property as the 2nd most expensive of 6 comparable homes on the market. The larger floor plan (407 sqft compared to the average comp) is a meaningful differentiator in this price range. At 1.03 acres, the lot is larger than the 0.95 acre comp average, which factors into pricing. 6 similar homes are currently available in ARBOLAGO, creating a buyer's market for this price range. Recent trends in 78734 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 306 Bella Montagna CIR, Austin TX 78734, with an adjusted value of $2,469,075; with a smaller floor plan. The 6 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
