The comparable sales data (5 recent transactions in ARBOLAGO) supports an estimated value of $2,025,444. The data suggests a list price between $1,481,000 and $1,491,000 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 7 comparable homes. The 135 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 2007 (6 years newer than comps) is factored into the value estimate. 7 similar homes are currently available in ARBOLAGO, creating a buyer's market for this price range. Prices in 78734 have fallen 11.3% over the last 6 months. A similar home at 306 Bella Montagna CIR, Austin TX 78734 carries an adjusted comparable value of $2,480,621, providing a strong data point. This estimate draws on 5 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