1903 Cecelia LN, Austin TX 78748

The estimated value of this property is $531,327, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $519,000 and $540,000. With 3 comparable homes on the market in WEST OAK, this price positions the property as the most expensive of 3 comparable homes on the market. This home's larger footprint (478 sqft vs the comp average) plays a role in how the market prices it. Built in 2017, this home is 5 years newer than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in WEST OAK (a balanced market), competition is a factor to consider. Recent trends in 78748 show home values have fallen 4.7% since 6 months ago. The most comparable recent sale is 9512 Tanager WAY # 112, Austin TX 78748, with an adjusted value of $518,736; with a smaller floor plan. Based on 3 relevant data points in WEST OAK, 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