1400 Scenic DR # 3, Austin TX 78703

Reviewing the most recent comparable transactions, this home's market value falls around $909,996. For a well positioned listing in 78703, I'd target the $1,212,000 to $1,270,000 range. With 7 comparable homes on the market in 78703, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 102 sqft size difference versus comparable sales is reflected in the adjusted values. Current inventory shows 7 comparable homes in 78703; a buyer's market based on recent absorption. Recent trends in 78703 show home values have fallen 9.3% since 6 months ago. The most comparable recent sale is 1506 W 13th ST # 7, Austin TX 78703, with an adjusted value of $823,822; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group