16208 SPRING BRANCH TRL, Austin TX 78734

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $428,831. I'd recommend coming to market at $531,000 to $538,000 to strike the right balance between value and market velocity. Against 7 similar active listings in STEWART B, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Built in 1970, this home is 19 years older than the average comp, which is reflected in the adjustments. The 0.83 acre lot (larger than the 0.23 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in STEWART B, ranging from $369,000 to $1,450,000. The trend in 78734 shows prices have fallen 2.6% in the past 6 months. 15112 N Flamingo DR, Austin TX 78734 nearby adjusts to $537,866; a strong comparable. With 7 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