Reviewing the most recent comparable transactions, this home's market value falls around $3,003,467. For a well positioned listing in 78746, I'd target the $5,040,000 to $5,164,000 range. Against 7 similar active listings in 78746, this price point lands at the most affordable of 7 comparable homes on the market. The 559 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.28 acres, the lot is smaller than the 0.72 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78746; a buyer's market based on recent absorption. Recent trends in 78746 show home values have risen 1.7% since 6 months ago. The most comparable recent sale is 400 Inwood RD, Austin TX 78746, with an adjusted value of $5,163,525; with a pool. The 7 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