2504 Comburg Castle WAY, Austin TX 78748

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $878,622. I'd recommend coming to market at $712,000 to $722,000 to strike the right balance between value and market velocity. Against 3 similar active listings in CASTLEWOOD FOREST, this price point lands at the most expensive of 3 comparable homes on the market. The larger floor plan (249 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.38 acre lot (larger than the 0.33 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in CASTLEWOOD FOREST; a seller's market based on recent absorption. The trend in CASTLEWOOD FOREST shows prices have fallen 4% in the past 6 months. 9201 Collingwood DR, Austin TX 78748 nearby adjusts to $983,311; with a smaller floor plan. With 7 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