10416 Milky Way DR, Austin TX 78730

The estimated value of this property is $1,817,967, based on 4 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $2,491,000 and $2,670,000. With 7 comparable homes on the market in 78730, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (783 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2005, this home is 5 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78730, listed between $2,199,000 and $3,690,000. Recent trends in 78730 show home values have risen 12.7% since 6 months ago. The most comparable recent sale is 4616 High Gate DR, Austin TX 78730, with an adjusted value of $1,993,823; with a smaller floor plan. Based on 4 relevant data points in 78730, 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