The comparable sales data (7 recent transactions in ARBOLAGO) supports an estimated value of $1,647,156. The data suggests a list price between $1,740,000 and $1,750,000 would attract qualified buyers without leaving money on the table. Buyers shopping in ARBOLAGO right now would see this as a well positioned option among 3 comparable homes. The 362 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 1.58 acres versus 1.08 for the typical comp. 3 similar homes are currently available in ARBOLAGO, creating a buyer's market for this price range. Prices in 78734 have risen 5.5% over the last 6 months. A similar home at 16019 Fontaine Ave, Austin TX 78734 carries an adjusted comparable value of $2,051,516, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus