12701 Bismark DR, Austin TX 78748

The estimated value of this property is $962,718, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $602,000 and $612,000. With 5 comparable homes on the market in 78748, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. The larger floor plan (247 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.99 acre lot (larger than the 0.54 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in 78748, listed between $499,990 and $995,000. Recent trends in 78748 show home values have fallen 4.7% since 6 months ago. The most comparable recent sale is 12528 Bismark DR, Austin TX 78748, with an adjusted value of $1,031,607; with a pool. Based on 7 relevant data points in 78748, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX