Reviewing the most recent comparable transactions, this home's market value falls around $736,734. For a well positioned listing in CEDAR GLEN, I'd target the $715,000 to $759,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in CEDAR GLEN. At 0.21 acres, the lot is smaller than the 0.26 acre comp average, which factors into pricing. 3 similar homes are currently available in CEDAR GLEN, creating a buyer's market for this price range. Recent trends in 78734 show home values have fallen 9% since 6 months ago. The most comparable recent sale is 2918 Ranch Road 620 N # 189, Austin TX 78734, with an adjusted value of $906,497; with a smaller floor plan. 5 comparable transactions in CEDAR GLEN 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