After reviewing 7 recent transactions in 78746, I estimate this property's value at $3,277,493. A competitive list price for this home right now would fall in the $3,179,000 to $3,376,000 range. Relative to what's currently available in 78746, this home would be the most affordable of 4 comparable homes on the market. Being 397 sqft larger than the average comparable sale in this area impacts the per square foot value. Current inventory shows 4 comparable homes in 78746; a buyer's market based on recent absorption. Prices in 78746 have risen 4.9% over the last 6 months. A similar home at 400 Inwood RD, Austin TX 78746 carries an adjusted comparable value of $5,435,508, providing a strong data point. With 7 comparable sales in 78746, 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
