12500 Alberta Ridge TRL, Austin TX 78726

The estimated value of this property is $760,518, based on 6 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $825,000 and $835,000. With 7 comparable homes on the market in PARKE, this price positions the property as the most affordable of 7 comparable homes on the market. This home's larger footprint (146 sqft vs the comp average) plays a role in how the market prices it. The 0.31 acre lot (larger than the 0.27 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in PARKE; a seller's market based on recent absorption. Recent trends in PARKE show home values have risen 3.7% since 6 months ago. The most comparable recent sale is 8233 Phantom Canyon DR, Austin TX 78726, with an adjusted value of $835,131; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group