11519 Musket Rim ST, Austin TX 78738

The market data from 3 similar recent sales in SPANISH OAKS points to a value of approximately $3,451,957. To sell within a reasonable timeframe at fair market value, the $2,363,000 to $2,373,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in SPANISH OAKS. The larger floor plan (108 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2005 construction puts this home 8 years older than the comp average, a factor in the pricing. 3 similar homes are currently available in SPANISH OAKS, creating a buyer's market for this price range. In SPANISH OAKS, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 4916 Paraiso PKWY, Austin TX 78738, adjusting to $2,333,214; with a larger floor plan and a pool. 3 comparable transactions in SPANISH OAKS 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