2501 Bear Springs TRL, Austin TX 78748

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $550,264. I'd recommend coming to market at $539,000 to $561,000 to strike the right balance between value and market velocity. Among the similar homes currently available in 78748, this price point stands out as competitive. At 315 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2013, this home is 5 years newer than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in 78748, listed between $425,000 and $698,000. The trend in 78748 shows prices have fallen 0.7% in the past 6 months. 12616 Black Hills DR, Austin TX 78748 nearby adjusts to $574,986; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group