The comparable sales data (7 recent transactions in COVES) supports an estimated value of $2,277,737. The data suggests a list price between $1,946,000 and $1,956,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as above the only comparable home currently on the market in COVES's current inventory. This home's smaller footprint (365 sqft vs the comp average) plays a role in how the market prices it. Being built in 2019 (9 years newer than comps) is factored into the value estimate. There are currently 1 similar homes on the market in COVES, ranging from $1,850,000 to $1,850,000. Prices in 78669 have fallen 12.2% over the last 6 months. A similar home at 3931 R O DR, Spicewood TX 78669 carries an adjusted comparable value of $2,836,496, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in COVES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group