2002 Homedale DR, Austin TX 78704

The market data from 7 similar recent sales in GLENCLIFF points to a value of approximately $1,549,246. To sell within a reasonable timeframe at fair market value, the $2,432,000 to $2,688,000 range is where I'd position this. In the current GLENCLIFF market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (1,551 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.98 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in GLENCLIFF; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 5.3% over the past 6 months. One of the strongest data points is 806 Rosedale TER, Austin TX 78704, adjusting to $2,992,660; a strong comparable. The 7 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