15205 Bat Hawk CIR, Austin TX 78738

The market data from 7 similar recent sales in FALCONHEAD points to a value of approximately $1,063,234. To sell within a reasonable timeframe at fair market value, the $1,195,000 to $1,210,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in FALCONHEAD. This home's larger footprint (174 sqft vs the comp average) plays a role in how the market prices it. At 0.31 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in FALCONHEAD; a buyer's market based on recent absorption. In FALCONHEAD, home values have fallen approximately 9.1% over the past 6 months. One of the strongest data points is 4105 Vail DV, Austin TX 78738, adjusting to $1,131,594; a strong comparable. 7 comparable transactions in FALCONHEAD support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group