11203 Ranch Road 2222 RD # 1008, Austin TX 78730

The estimated value of this property is $390,109, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $403,000 and $427,000. With 3 comparable homes on the market in ALICANTE CONDO TWNHMS, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. At 118 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2002, this home is 7 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in ALICANTE CONDO TWNHMS (a buyer's market), competition is a factor to consider. Recent trends in ALICANTE CONDO TWNHMS show home values have fallen 26.6% since 6 months ago. The most comparable recent sale is 11203 Ranch Road 2222 # 1501, Austin TX 78730, with an adjusted value of $390,349; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group