1407 TownCreek DR, Austin TX 78741

After reviewing 7 recent transactions in SOUTH SHORE, I estimate this property's value at $1,199,214. A competitive list price for this home right now would fall in the $1,596,000 to $2,152,000 range. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in SOUTH SHORE's current inventory. Being 1,136 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.04 acres versus the area average of 0.11) contributes to the valuation. Current inventory shows 4 comparable homes in SOUTH SHORE; a buyer's market based on recent absorption. Prices in 78741 have fallen 8.9% over the last 6 months. A similar home at 1411 Town Creek DR # 5, Austin TX 78741 carries an adjusted comparable value of $927,809, providing a strong data point. With 7 comparable sales in SOUTH SHORE, 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