205 Far Vela LN, Austin TX 78734

After reviewing 7 recent transactions in ALTA VISTA, I estimate this property's value at $1,334,073. A competitive list price for this home right now would fall in the $1,409,000 to $1,428,000 range. Buyers shopping in ALTA VISTA right now would see this as a well positioned option among 5 comparable homes. At 152 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (1.01 acres versus the area average of 0.36) contributes to the valuation. Right now, 5 similar properties are competing for buyers in ALTA VISTA, listed between $1,125,000 and $4,750,000. Prices in 78734 have fallen 10.7% over the last 6 months. A similar home at 15201 Bat Hawk CIR, Austin TX 78738 carries an adjusted comparable value of $1,138,389, providing a strong data point. The comp data here (7 sales in ALTA VISTA) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus