11900 Dave Silk DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $392,987. For a well positioned listing in RANCHO ALTO, I'd target the $381,000 to $405,000 range. With 5 comparable homes on the market in RANCHO ALTO, this price positions the property as the most affordable of 5 comparable homes on the market. This home's smaller footprint (191 sqft vs the comp average) plays a role in how the market prices it. The 2006 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in RANCHO ALTO; a balanced market based on recent absorption. Recent trends in 78748 show home values have fallen 4.7% since 6 months ago. The most comparable recent sale is 2405 Christoff LOOP, Austin TX 78748, with an adjusted value of $395,886; with a larger floor plan. 3 comparable transactions in RANCHO ALTO 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