1603 Watchhill RD, Austin TX 78703

The market data from 6 similar recent sales in PEASE ESTATES points to a value of approximately $1,439,031. To sell within a reasonable timeframe at fair market value, the $1,736,000 to $1,745,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 5 comparable homes on the market comparable homes currently on the market in PEASE ESTATES. This home's smaller footprint (122 sqft vs the comp average) plays a role in how the market prices it. The 1936 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 5 similar properties are competing for buyers in PEASE ESTATES, listed between $1,250,000 and $1,799,950. In 78703, home values have risen approximately 5.5% over the past 6 months. One of the strongest data points is 2207 Mountain View RD, Austin TX 78703, adjusting to $1,201,781; with a larger floor plan. The 6 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