11027 Pencewood CT, Austin TX 78750

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,689,216. Pricing this home between $1,432,000 and $1,442,000 would put it in the competitive sweet spot for 78750. This would position the home competitively among 4 active listings in 78750. Being 625 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (1.55 acres versus the area average of 0.52) contributes to the valuation. Current inventory shows 4 comparable homes in 78750; a balanced market based on recent absorption. Market data shows 78750 prices fallen 9.2% over the last half year. The closest comparable sale, 9220 Evening Primrose PATH, Austin TX 78750 at an adjusted $1,478,811, is with a smaller floor plan. With 7 comparable sales in 78750, 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