1314 FALCON LEDGE DR # 113, Austin TX 78746

Taking into account 6 nearby comparable sales, this property's estimated value comes to $526,002. If we were to list this property today, I'd recommend a list price in the $510,000 to $542,000 range. Buyers shopping in 78746 right now would see this as a well positioned option among 2 comparable homes. The smaller floor plan (277 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.00 acres versus 0.20 for the typical comp. Current inventory shows 2 comparable homes in 78746; a buyer's market based on recent absorption. The 6 month price trend in 78746: risen 6.5%. The best comp here is 806 Castle Ridge RD # B, Austin TX 78746 at an adjusted value of $391,885, a strong comparable. The strength of this estimate comes from 6 directly comparable sales in 78746. 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