The comparable sales data (7 recent transactions in NO) supports an estimated value of $1,470,602. The data suggests a list price between $1,804,000 and $1,921,000 would attract qualified buyers without leaving money on the table. This would position the home competitively among 4 active listings in NO. The larger floor plan (603 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2000 (7 years newer than comps) is factored into the value estimate. With 4 similar homes currently listed in NO (a buyer's market), competition is a factor to consider. Prices in NO have fallen 37.6% over the last 6 months. A similar home at 1050 River Mountain RD # A, Wimberley TX 78676 carries an adjusted comparable value of $1,920,607, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in NO. 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