After reviewing 4 recent transactions in PAN TEXAS EAST, I estimate this property's value at $424,478. A competitive list price for this home right now would fall in the $488,000 to $515,000 range. This home's position in the current PAN TEXAS EAST market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. At 7 years newer than typical comps, the 1973 build date influences the valuation. Current inventory shows 7 comparable homes in PAN TEXAS EAST; a buyer's market based on recent absorption. Prices in 78721 have fallen 5% over the last 6 months. A similar home at 5203 Stone Gate DR, Austin TX 78721 carries an adjusted comparable value of $459,770, providing a strong data point. With 4 comparable sales in PAN TEXAS EAST, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group