11216 TATERWOOD DR, Austin TX 78750

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $994,300. I'd recommend coming to market at $860,000 to $870,000 to strike the right balance between value and market velocity. In the current SPICEWOOD BALCONES VILLAG market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 1998, this home is 14 years newer than the average comp, which is reflected in the adjustments. The 0.50 acre lot (larger than the 0.41 acre average) is reflected in the estimate. With 3 similar homes currently listed in SPICEWOOD BALCONES VILLAG (a balanced market), competition is a factor to consider. The trend in 78750 shows prices have fallen 13% in the past 6 months. 9206 Mystic Oaks TRL, Austin TX 78750 nearby adjusts to $1,019,455; with a smaller floor plan. Based on 4 relevant data points in SPICEWOOD BALCONES VILLAG, 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