1517 Mohle DR, Austin TX 78703

After reviewing 6 recent transactions in SUMMIT PLACE, I estimate this property's value at $1,563,562. A competitive list price for this home right now would fall in the $840,000 to $850,000 range. Relative to what's currently available in SUMMIT PLACE, this home would be the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (113 sqft compared to the average comp) is a meaningful differentiator in this price range. The active market in SUMMIT PLACE includes 7 comparable homes priced from $809,900 to $2,495,000. Prices in 78703 have fallen 9.3% over the last 6 months. A similar home at 2312 Indian TRL, Austin TX 78703 carries an adjusted comparable value of $1,242,511, providing a strong data point. The comp data here (6 sales in SUMMIT PLACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus