12124 Verchota DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $432,850. For a well positioned listing in RANCHO ALTO, I'd target the $424,000 to $442,000 range. With 4 comparable homes on the market in RANCHO ALTO, this price positions the property as the most expensive of 4 comparable homes on the market. Being 135 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.30 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. 4 similar homes are currently available in RANCHO ALTO, creating a buyer's market for this price range. Recent trends in RANCHO ALTO show home values have fallen 19.3% since 6 months ago. The most comparable recent sale is 209 Jockey Bluff CV, Austin TX 78748, with an adjusted value of $426,589; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group