1515 Resaca BLVD # 4, Austin TX 78738

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,365,892. I'd recommend coming to market at $841,000 to $851,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78738, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (128 sqft vs the comp average) plays a role in how the market prices it. The 0.93 acre lot (larger than the 0.30 acre average) is reflected in the estimate. Buyers in 78738 have 7 comparable options right now, with asking prices between $775,000 and $2,390,000. The trend in 78738 shows prices have fallen 5% in the past 6 months. 12400 Fairfax Ridge PL, Austin TX 78738 nearby adjusts to $1,266,357; with a smaller floor plan. With 7 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