16328 Mcaloon WAY, Austin TX 78728

The estimated value of this property is $483,445, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $518,000 and $521,000. With 6 comparable homes on the market in RACEWAY SINGLE FAMILY SUB SEC, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. At 198 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 6 comparable homes in RACEWAY SINGLE FAMILY SUB SEC; a balanced market based on recent absorption. Recent trends in 78728 show home values have risen 3.7% since 6 months ago. The most comparable recent sale is 16324 Copper Ellis TRCE, Austin TX 78728, with an adjusted value of $459,725; with a smaller floor plan. Based on 7 relevant data points in RACEWAY SINGLE FAMILY SUB SEC, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX