The estimated value of this property is $2,048,945, based on 6 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,116,000 and $1,126,000. Against 7 similar active listings in TRAVIS SETTLEMENT, this price point lands at the most expensive of 7 comparable homes on the market. This home's smaller footprint (166 sqft vs the comp average) plays a role in how the market prices it. The 3.43 acre lot (larger than the 2.49 acre average) is reflected in the estimate. Buyers in TRAVIS SETTLEMENT have 7 comparable options right now, with asking prices between $1,050,000 and $2,995,000. Recent trends in TRAVIS SETTLEMENT show home values have fallen 11.6% since 6 months ago. The most comparable recent sale is 4600 Wild Cow CV, Spicewood TX 78669, with an adjusted value of $2,481,580; with a pool. Based on 6 relevant data points in TRAVIS SETTLEMENT, 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
