2520 Spring LN, Austin TX 78703

Reviewing the most recent comparable transactions, this home's market value falls around $2,570,506. For a well positioned listing in MONTE VISTA, I'd target the $2,088,000 to $2,098,000 range. With 4 comparable homes on the market in MONTE VISTA, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. At 443 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 4 comparable homes in MONTE VISTA; a buyer's market based on recent absorption. Recent trends in 78703 show home values have fallen 9.3% since 6 months ago. The most comparable recent sale is 2621 Exposition BLVD, Austin TX 78703, with an adjusted value of $2,521,193; with a larger floor plan. The 6 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