12705 Cape May LN # 224, Austin TX 78750

After reviewing 3 recent transactions in PECAN GARDEN ESTATES CONDO, I estimate this property's value at $372,785. A competitive list price for this home right now would fall in the $440,000 to $444,000 range. Relative to what's currently available in PECAN GARDEN ESTATES CONDO, this home would be the 2nd most expensive of 3 comparable homes on the market. At 7 years older than typical comps, the 2007 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.05) contributes to the valuation. With 3 similar homes currently listed in PECAN GARDEN ESTATES CONDO (a balanced market), competition is a factor to consider. Prices in 78750 have fallen 4.1% over the last 6 months. A similar home at 12501 Piper CT, Austin TX 78750 carries an adjusted comparable value of $311,814, providing a strong data point. With 3 comparable sales in PECAN GARDEN ESTATES CONDO, 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