12624 GRAMA CV, Austin TX 78738

My analysis of 4 comparable properties puts this home's estimated value at $4,022,249. Based on how the local market is moving, a list price between $1,723,000 and $1,733,000 would position this home well. Buyers shopping in SPANISH OAKS right now would see this as a well positioned option among 7 comparable homes. Being 273 sqft smaller than the average comparable sale in this area impacts the per square foot value. Current inventory shows 7 comparable homes in SPANISH OAKS; a buyer's market based on recent absorption. The 6 month price trend in SPANISH OAKS: fallen 6.3%. The best comp here is 12308 Emory Oak LN, Austin TX 78738 at an adjusted value of $4,722,963, with a larger floor plan. With 4 comparable sales in SPANISH OAKS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group