1508 Mohle DR, Austin TX 78703

The market data from 7 similar recent sales in SUMMIT PLACE points to a value of approximately $1,466,783. To sell within a reasonable timeframe at fair market value, the $1,499,000 to $1,518,000 range is where I'd position this. In the current SUMMIT PLACE market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. The 1940 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in SUMMIT PLACE; a buyer's market based on recent absorption. In 78703, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 2004 Raleigh Ave, Austin TX 78703, adjusting to $1,499,228; a strong comparable. The 7 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