2318 Townes LN, Austin TX 78703

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $2,535,227. Pricing this home between $4,394,000 and $4,548,000 would put it in the competitive sweet spot for 78703. This home's position in the current 78703 market: the most affordable of 7 comparable homes on the market among comparable properties. At 2,214 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.32 acres versus the area average of 0.26) contributes to the valuation. 7 similar homes are currently available in 78703, creating a buyer's market for this price range. Market data shows 78703 prices fallen 8.5% over the last half year. The closest comparable sale, 1904 Meadowbrook DR, Austin TX 78703 at an adjusted $2,986,060, is with a smaller floor plan. With 7 comparable sales in 78703, 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