14413 Heron Bay, Austin TX 78738

After reviewing 4 recent transactions in FALCONHEAD, I estimate this property's value at $1,189,434. A competitive list price for this home right now would fall in the $1,321,000 to $1,355,000 range. This would position the home competitively among 3 active listings in FALCONHEAD. At 639 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.47 acres versus the area average of 0.27) contributes to the valuation. Current inventory shows 3 comparable homes in FALCONHEAD; a balanced market based on recent absorption. Prices in FALCONHEAD have fallen 10.8% over the last 6 months. A similar home at 15205 Spillman Ranch LOOP, Austin TX 78738 carries an adjusted comparable value of $997,510, providing a strong data point. With 4 comparable sales in FALCONHEAD, 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