12513 Morelia WAY, Austin TX 78748

The market data from 4 similar recent sales in ENCLAVE ESTANCIA CONDOMINIU points to a value of approximately $573,894. To sell within a reasonable timeframe at fair market value, the $557,000 to $591,000 range is where I'd position this. In the current ENCLAVE ESTANCIA CONDOMINIU market with 1 similar homes available, this price represents below the only comparable home currently on the market. At 945 sqft larger than the typical comp, the size difference factors into the valuation. At 0.29 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in ENCLAVE ESTANCIA CONDOMINIU; a balanced market based on recent absorption. In 78748, home values have fallen approximately 3.5% over the past 6 months. One of the strongest data points is 610 Puerta Vallarta LN # 152, Austin TX 78748, adjusting to $510,400; with a smaller floor plan. The 4 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