12502 Mcloughlin PT, Austin TX 78726

After reviewing 3 recent transactions in PARKE, I estimate this property's value at $753,721. A competitive list price for this home right now would fall in the $332,000 to $342,000 range. This home's position in the current PARKE market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (109 sqft compared to the average comp) is a meaningful differentiator in this price range. At 6 years older than typical comps, the 1988 build date influences the valuation. There are currently 7 similar homes on the market in PARKE, ranging from $369,950 to $1,499,000. Prices in PARKE have fallen 6.8% over the last 6 months. A similar home at 13816 Lake View DR, Austin TX 78732 carries an adjusted comparable value of $838,238, providing a strong data point. The comp data here (3 sales in PARKE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus