After reviewing 7 recent transactions in 78741, I estimate this property's value at $296,460. A competitive list price for this home right now would fall in the $387,000 to $405,000 range. This pricing would rank the home as the 2nd least expensive of 7 comparable homes on the market in 78741's current inventory. The smaller lot (0.04 acres versus the area average of 0.11) contributes to the valuation. Buyers in 78741 have 7 comparable options right now, with asking prices between $275,000 and $474,900. Prices in 78741 have fallen 8.2% over the last 6 months. A similar home at 1720 Timber Ridge DR, Austin TX 78741 carries an adjusted comparable value of $270,810, providing a strong data point. With 7 comparable sales in 78741, 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