2118 Rountree DR, Austin TX 78722

After reviewing 7 recent transactions in PANNELL PLACE, I estimate this property's value at $388,764. A competitive list price for this home right now would fall in the $477,000 to $488,000 range. Relative to what's currently available in PANNELL PLACE, this home would be the most affordable of 3 comparable homes on the market. The larger lot (0.15 acres versus the area average of 0.08) contributes to the valuation. The active market in PANNELL PLACE includes 3 comparable homes priced from $425,000 to $500,000. Prices in 78722 have fallen 17.6% over the last 6 months. A similar home at 1303 Walnut Ave, Austin TX 78702 carries an adjusted comparable value of $502,416, providing a strong data point. With 7 comparable sales in PANNELL PLACE, 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