1145 Shady LN # 2, Austin TX 78721

Based on 7 closed sales in PECAN GROVE, the data points to a value around $613,335 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $592,000 to $608,000. This would position the home competitively among 3 active listings in PECAN GROVE. The smaller floor plan (101 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2018 (7 years newer than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in PECAN GROVE; a buyer's market based on recent absorption. Market data shows 78721 prices fallen 5% over the last half year. The closest comparable sale, 1104 Richardine Ave, Austin TX 78721 at an adjusted $638,729, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in PECAN GROVE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group