2311 W 8th ST, Austin TX 78703

Based on 4 closed sales in TIMBERLAKE, the data points to a value around $2,147,924 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,487,000 to $1,497,000. Buyers shopping in TIMBERLAKE right now would see this as a well positioned option among 5 comparable homes. At 111 sqft larger than the typical comp, the size difference factors into the valuation. With 5 similar homes currently listed in TIMBERLAKE (a buyer's market), competition is a factor to consider. Market data shows 78703 prices fallen 9.3% over the last half year. The closest comparable sale, 3210 Enfield RD, Austin TX 78703 at an adjusted $1,765,045, is with a smaller floor plan. The strength of this estimate comes from 4 directly comparable sales in TIMBERLAKE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group