2205 Monarch DR, Austin TX 78748

4 recent sales within a mile of this address suggest a current value of $609,551. My recommended list price range for this property would be $391,000 to $401,000. In the current CASTLEWOOD FOREST market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. This home's smaller footprint (158 sqft vs the comp average) plays a role in how the market prices it. The 0.31 acre lot (smaller than the 0.36 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in CASTLEWOOD FOREST; a seller's market based on recent absorption. In CASTLEWOOD FOREST, home values have fallen approximately 4% over the past 6 months. One of the strongest data points is 2505 Comburg Castle WAY, Austin TX 78748, adjusting to $579,405; with a larger floor plan. Based on 4 relevant data points in CASTLEWOOD FOREST, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX