2500 Niemann DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $806,260. For a well positioned listing in SOUTHLAND OAKS, I'd target the $858,000 to $903,000 range. In the current SOUTHLAND OAKS market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. Being 1,726 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.36 acres, the lot is larger than the 0.26 acre comp average, which factors into pricing. Right now, 2 similar properties are competing for buyers in SOUTHLAND OAKS, listed between $765,000 and $825,000. Recent trends in SOUTHLAND OAKS show home values have fallen 20.4% since 6 months ago. The most comparable recent sale is 2608 Dante CT, Austin TX 78748, with an adjusted value of $907,384; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group