12516 Tree Line DR, Austin TX 78729

The market data from 5 similar recent sales in SPRINGWOODS points to a value of approximately $496,768. To sell within a reasonable timeframe at fair market value, the $344,000 to $354,000 range is where I'd position this. With 5 comparable homes on the market in SPRINGWOODS, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. Being 152 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.32 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in SPRINGWOODS, listed between $325,000 and $540,000. In SPRINGWOODS, home values have fallen approximately 0.4% over the past 6 months. One of the strongest data points is 8908 Bubbling Springs TRL, Austin TX 78729, adjusting to $529,818; a strong comparable. The 5 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