1502 FALCON LEDGE DR, Austin TX 78746

My analysis of 7 comparable properties puts this home's estimated value at $1,268,823. Based on how the local market is moving, a list price between $1,064,000 and $1,074,000 would position this home well. This home's position in the current LOST CREEK market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 33 years newer than typical comps, the 2013 build date influences the valuation. The smaller lot (0.34 acres versus the area average of 0.41) contributes to the valuation. Right now, 3 similar properties are competing for buyers in LOST CREEK, listed between $995,000 and $1,499,000. The 6 month price trend in LOST CREEK: risen 0.7%. The best comp here is 1508 Ben Crenshaw WAY, Austin TX 78746 at an adjusted value of $1,326,721, with a larger floor plan. With 7 comparable sales in LOST CREEK, 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