2007-A encino CIR, Austin TX 78723

The market data from 6 similar recent sales in ENCINO TERRACE points to a value of approximately $486,799. To sell within a reasonable timeframe at fair market value, the $389,000 to $399,000 range is where I'd position this. Among the similar homes currently available in ENCINO TERRACE, this price point stands out as competitive. At 101 sqft smaller than the typical comp, the size difference factors into the valuation. The 2006 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in ENCINO TERRACE; a buyer's market based on recent absorption. In 78723, home values have fallen approximately 0.4% over the past 6 months. One of the strongest data points is 4323 Nitschke ST, Austin TX 78723, adjusting to $425,627; a strong comparable. The 6 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