1515 Resaca 8 BLVD, Austin TX 78738

After reviewing 7 recent transactions in 78738, I estimate this property's value at $950,571. A competitive list price for this home right now would fall in the $691,000 to $701,000 range. Buyers shopping in 78738 right now would see this as a well positioned option among 7 comparable homes. The larger lot (0.93 acres versus the area average of 0.22) contributes to the valuation. Current inventory shows 7 comparable homes in 78738; a buyer's market based on recent absorption. Prices in 78738 have risen 3.7% over the last 6 months. A similar home at 2212 Rimrock DR, Austin TX 78738 carries an adjusted comparable value of $952,062, providing a strong data point. With 7 comparable sales in 78738, 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