1117 Walton LN # A, Austin TX 78721

The market data from 3 similar recent sales in 78721 points to a value of approximately $500,661. To sell within a reasonable timeframe at fair market value, the $398,000 to $408,000 range is where I'd position this. Among the similar homes currently available in 78721, this price point stands out as competitive. The larger floor plan (226 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2018 construction puts this home 6 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78721 (a buyer's market), competition is a factor to consider. In 78721, home values have fallen approximately 6.5% over the past 6 months. One of the strongest data points is 6117 Richardson LN # 1, Austin TX 78741, adjusting to $470,221; a strong comparable. 3 comparable transactions in 78721 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