1601 MILL SPRINGS DR, Austin TX 78746

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,374,578. To generate strong buyer interest while maximizing value, I'd price this between $1,469,000 and $1,654,000. Against 4 similar active listings in 78746, this price point lands at the 2nd least expensive of 4 comparable homes on the market. This home's smaller footprint (167 sqft vs the comp average) plays a role in how the market prices it. The 1982 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in 78746; a buyer's market based on recent absorption. The trend in 78746 shows prices have risen 17.5% in the past 6 months. 5908 Front Royal DR, Austin TX 78746 nearby adjusts to $1,469,470; with a smaller floor plan. The 3 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