11309 Pencewood DR, Austin TX 78750

The estimated value of this property is $984,101, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $786,000 and $796,000. With 7 comparable homes on the market in SPICEWOOD BALCONES, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (147 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1983, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in SPICEWOOD BALCONES; a seller's market based on recent absorption. Recent trends in SPICEWOOD BALCONES show home values have risen 9.6% since 6 months ago. The most comparable recent sale is 11402 Pickfair DR, Austin TX 78750, with an adjusted value of $783,764; with a smaller floor plan. Based on 7 relevant data points in SPICEWOOD BALCONES, 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