2007-B Encino CIR, Austin TX 78723

My analysis of 7 comparable properties puts this home's estimated value at $532,604. Based on how the local market is moving, a list price between $428,000 and $438,000 would position this home well. This would position the home competitively among 7 active listings in ENCINO TERRACE. At 7 years older than typical comps, the 2006 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.07) contributes to the valuation. With 7 similar homes currently listed in ENCINO TERRACE (a buyer's market), competition is a factor to consider. The 6 month price trend in 78723: fallen 1.2%. The best comp here is 1931 E 38 1/2 ST # 43, Austin TX 78723 at an adjusted value of $432,399, a strong comparable. With 7 comparable sales in ENCINO TERRACE, 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