2304 Independence DR, Austin TX 78745

After reviewing 7 recent transactions in INDEPENDENCE, I estimate this property's value at $427,642. A competitive list price for this home right now would fall in the $415,000 to $440,000 range. This pricing would rank the home as the most affordable of 4 comparable homes on the market in INDEPENDENCE's current inventory. At 5 years older than typical comps, the 2008 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.16) contributes to the valuation. There are currently 4 similar homes on the market in INDEPENDENCE, ranging from $430,000 to $639,000. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 7337 Menchaca RD # 21, Austin TX 78745 carries an adjusted comparable value of $376,598, providing a strong data point. With 7 comparable sales in INDEPENDENCE, 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