16409 Lake LOOP, Austin TX 78734

After reviewing 7 recent transactions in BUFFALO GAP, I estimate this property's value at $436,831. A competitive list price for this home right now would fall in the $233,000 to $243,000 range. Buyers shopping in BUFFALO GAP right now would see this as a well positioned option among 7 comparable homes. At 8 years older than typical comps, the 1978 build date influences the valuation. The larger lot (1.07 acres versus the area average of 0.27) contributes to the valuation. With 7 similar homes currently listed in BUFFALO GAP (a buyer's market), competition is a factor to consider. Prices in 78734 have fallen 10.7% over the last 6 months. A similar home at 2918 N Ranch Road 620 # B112, Austin TX 78734 carries an adjusted comparable value of $241,715, providing a strong data point. With 7 comparable sales in BUFFALO GAP, 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