16116 Spillman Ranch LOOP, Austin TX 78738

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $988,329. Pricing this home between $846,000 and $856,000 would put it in the competitive sweet spot for FALCONHEAD. Relative to what's currently available in FALCONHEAD, this home would be the 2nd most expensive of 7 comparable homes on the market. Being 119 sqft smaller than the average comparable sale in this area impacts the per square foot value. Having a pool is a plus; 3 of the 7 comps lacked one. Current inventory shows 7 comparable homes in FALCONHEAD; a balanced market based on recent absorption. Market data shows FALCONHEAD prices fallen 10.6% over the last half year. The closest comparable sale, 4217 Vail DV, Bee Cave TX 78738 at an adjusted $1,105,981, is with a smaller floor plan. With 7 comparable sales in FALCONHEAD, 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