1601 Adriane DR # B, Austin TX 78721

The market data from 7 similar recent sales in PAN TEXAS EAST points to a value of approximately $520,535. To sell within a reasonable timeframe at fair market value, the $380,000 to $390,000 range is where I'd position this. Against 7 similar active listings in PAN TEXAS EAST, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 2017 construction puts this home 12 years newer than the comp average, a factor in the pricing. At 0.31 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. The active market in PAN TEXAS EAST includes 7 comparable homes priced from $359,000 to $525,000. In 78721, home values have fallen approximately 7.9% over the past 6 months. One of the strongest data points is 4801 Louis Ave # 1, Austin TX 78721, adjusting to $450,289; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group