2502 Mecca RD, Austin TX 78733

After reviewing 4 recent transactions in TIN LAKE ESTATES, I estimate this property's value at $630,241. A competitive list price for this home right now would fall in the $478,000 to $488,000 range. This pricing would rank the home as the most expensive of 2 comparable homes on the market in TIN LAKE ESTATES's current inventory. At 5 years older than typical comps, the 1985 build date influences the valuation. The smaller lot (0.28 acres versus the area average of 0.32) contributes to the valuation. 2 similar homes are currently available in TIN LAKE ESTATES, creating a buyer's market for this price range. Prices in TIN LAKE ESTATES have fallen 17.8% over the last 6 months. A similar home at 2802 San Juan DR, Austin TX 78733 carries an adjusted comparable value of $700,651, providing a strong data point. With 4 comparable sales in TIN LAKE ESTATES, 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