1104 Penion DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $517,236. For a well positioned listing in 78748, I'd target the $496,000 to $529,000 range. Among the similar homes currently available in 78748, this price point stands out as competitive. This home's smaller footprint (132 sqft vs the comp average) plays a role in how the market prices it. The 2003 construction puts this home 9 years older than the comp average, a factor in the pricing. Right now, 5 similar properties are competing for buyers in 78748, listed between $409,900 and $499,999. Recent trends in 78748 show home values have fallen 3.5% since 6 months ago. The most comparable recent sale is 9520 Sydney Marilyn LN, Austin TX 78748, with an adjusted value of $541,109; a strong comparable. 7 comparable transactions in 78748 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group