12140 Tumbling CRK, Austin TX 78748

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $418,087. I'd recommend coming to market at $435,000 to $468,000 to strike the right balance between value and market velocity. Against 7 similar active listings in SOUTHLAND OAKS, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The smaller floor plan (137 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.22 acre lot (larger than the 0.17 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in SOUTHLAND OAKS, listed between $360,000 and $535,000. The trend in SOUTHLAND OAKS shows prices have fallen 20.4% in the past 6 months. 12316 Sugar Leaf PL, Austin TX 78748 nearby adjusts to $321,920; a strong comparable. Based on 7 relevant data points in SOUTHLAND OAKS, 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