15513 Spillman Ranch LOOP, Austin TX 78738

The market data from 7 similar recent sales in FALCONHEAD points to a value of approximately $1,174,332. To sell within a reasonable timeframe at fair market value, the $1,018,000 to $1,028,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in FALCONHEAD. At 231 sqft larger than the typical comp, the size difference factors into the valuation. At 0.42 acres, the lot is larger than the 0.29 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in FALCONHEAD; a balanced market based on recent absorption. In FALCONHEAD, home values have fallen approximately 10.6% over the past 6 months. One of the strongest data points is 4105 Vail DV, Austin TX 78738, adjusting to $1,184,647; with a smaller floor plan. 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