The estimated value of this property is $1,304,094, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $874,000 and $884,000. At this price, the property would be the most expensive of 6 comparable homes on the market comparable homes currently on the market in SEAWIND. At 127 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2017, this home is 6 years newer than the average comp, which is reflected in the adjustments. With 6 similar homes currently listed in SEAWIND (a buyer's market), competition is a factor to consider. Recent trends in 78734 show home values have fallen 6% since 6 months ago. The most comparable recent sale is 10 Monarch Oaks LN, The Hills TX 78738, with an adjusted value of $768,878; a strong comparable. Based on 3 relevant data points in SEAWIND, 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
