1607 Mohle DR, Austin TX 78703

The estimated value of this property is $1,639,212, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,590,000 and $1,688,000. With 3 comparable homes on the market in SUMMIT PLACE, this price positions the property as the most expensive of 3 comparable homes on the market. The 0.21 acre lot (larger than the 0.15 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in SUMMIT PLACE; a buyer's market based on recent absorption. Recent trends in 78703 show home values have fallen 9.3% since 6 months ago. The most comparable recent sale is 1702 Hartford RD, Austin TX 78703, with an adjusted value of $1,489,278; with a pool. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group