1308 Olympus DR, Austin TX 78733

The market data from 6 similar recent sales in TIN LAKE HILLS points to a value of approximately $1,176,549. To sell within a reasonable timeframe at fair market value, the $1,609,000 to $1,705,000 range is where I'd position this. With 7 comparable homes on the market in TIN LAKE HILLS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 116 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.33 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in TIN LAKE HILLS; a seller's market based on recent absorption. In TIN LAKE HILLS, home values have fallen approximately 26.3% over the past 6 months. One of the strongest data points is 9402 Caracas DR, Austin TX 78733, adjusting to $1,193,838; with a smaller floor plan. 6 comparable transactions in TIN LAKE HILLS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group