1701 Mariposa DR, Austin TX 78741

Based on 5 closed sales in MARIPOSA HEIGHTS, the data points to a value around $1,049,731 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,647,000 to $1,812,000. Relative to what's currently available in MARIPOSA HEIGHTS, this home would be the most affordable of 7 comparable homes on the market. This home's larger footprint (354 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.29 acres versus 0.22 for the typical comp. Current inventory shows 7 comparable homes in MARIPOSA HEIGHTS; a buyer's market based on recent absorption. Market data shows 78741 prices fallen 11% over the last half year. The closest comparable sale, 2301 EAST SIDE DR, Austin TX 78704 at an adjusted $1,102,576, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in MARIPOSA HEIGHTS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group