12405 Cherry Laurel TER, Austin TX 78738

Taking into account 5 nearby comparable sales, this property's estimated value comes to $3,462,607. If we were to list this property today, I'd recommend a list price in the $1,580,000 to $1,590,000 range. Buyers shopping in SPANISH OAKS right now would see this as a well positioned option among 5 comparable homes. A pool adds market appeal. Only 5 minus 1 of the comps had one. Lot size matters here: 0.89 acres versus 0.80 for the typical comp. With 5 similar homes currently listed in SPANISH OAKS (a buyer's market), competition is a factor to consider. The 6 month price trend in SPANISH OAKS: fallen 13.4%. The best comp here is 12625 Maidenhair, #31 LN, Austin TX 78738 at an adjusted value of $3,689,718, with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in SPANISH OAKS. 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