My analysis of 7 comparable properties puts this home's estimated value at $1,832,623. Based on how the local market is moving, a list price between $1,165,000 and $1,175,000 would position this home well. Buyers shopping in TRAVIS SETTLEMENT right now would see this as a well positioned option among 4 comparable homes. The 873 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (2.26 acres versus the area average of 1.55) contributes to the valuation. There are currently 4 similar homes on the market in TRAVIS SETTLEMENT, ranging from $1,045,000 to $2,700,000. The 6 month price trend in TRAVIS SETTLEMENT: fallen 66.8%. The best comp here is 4503 Whirlwind CV, Spicewood TX 78669 at an adjusted value of $1,824,314, with a smaller floor plan and a pool. With 7 comparable sales in TRAVIS SETTLEMENT, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
