12708 Venice LN, Austin TX 78750

Based on 3 closed sales in PECAN PARK GARDEN ESTATES, the data points to a value around $393,954 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $400,000 to $440,000. This home's position in the current PECAN PARK GARDEN ESTATES market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. Being built in 2007 (7 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.07 for the typical comp. 3 similar homes are currently available in PECAN PARK GARDEN ESTATES, creating a balanced market for this price range. Market data shows 78750 prices fallen 8.2% over the last half year. The closest comparable sale, 10905 Beaman CT, Austin TX 78750 at an adjusted $368,635, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in PECAN PARK GARDEN ESTATES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group