1500 Scenic DR # 106, Austin TX 78703

After reviewing 5 recent transactions in 78703, I estimate this property's value at $734,491. A competitive list price for this home right now would fall in the $487,000 to $497,000 range. This pricing would rank the home as the most expensive of 4 comparable homes on the market in 78703's current inventory. The smaller lot (0.00 acres versus the area average of 0.09) contributes to the valuation. The active market in 78703 includes 4 comparable homes priced from $449,000 to $1,250,000. Prices in 78703 have risen 9.7% over the last 6 months. A similar home at 3421 Pecos ST # B7, Austin TX 78703 carries an adjusted comparable value of $538,725, providing a strong data point. With 5 comparable sales in 78703, 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