1509 Payton Falls DR, Austin TX 78754

The estimated value of this property is $425,787, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $421,000 and $435,000. Against 1 similar active listings in PIONEER CROSSING, this price point lands at below the only comparable home currently on the market. This home's smaller footprint (169 sqft vs the comp average) plays a role in how the market prices it. Built in 2002, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 1 comparable homes in PIONEER CROSSING; a buyer's market based on recent absorption. Recent trends in 78754 show home values have fallen 5.7% since 6 months ago. The most comparable recent sale is 11405 Brixey LN, Austin TX 78754, with an adjusted value of $421,040; with a smaller floor plan. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group