Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,373,654. I'd recommend coming to market at $1,505,000 to $1,512,000 to strike the right balance between value and market velocity. Among the similar homes currently available in BELLA MONTAGNA ESTATES, this price point stands out as competitive. The 268 sqft size difference versus comparable sales is reflected in the adjusted values. The active market in BELLA MONTAGNA ESTATES includes 4 comparable homes priced from $1,399,990 to $1,650,000. The trend in 78734 shows prices have fallen 10.8% in the past 6 months. 504 Duck Lake DR, Lakeway TX 78734 nearby adjusts to $1,291,839; with a larger floor plan. Based on 3 relevant data points in BELLA MONTAGNA ESTATES, 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
