1704 Deerfield DR, Austin TX 78741

The market data from 4 similar recent sales in FAWN RIDGE points to a value of approximately $657,222. To sell within a reasonable timeframe at fair market value, the $511,000 to $521,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in FAWN RIDGE. This home's larger footprint (1,094 sqft vs the comp average) plays a role in how the market prices it. The 1964 construction puts this home 26 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in FAWN RIDGE; a buyer's market based on recent absorption. In 78741, home values have fallen approximately 9.6% over the past 6 months. One of the strongest data points is 2903 Breeze # 1, Austin TX 78722, adjusting to $932,667; with a smaller floor plan. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group