2522 Mcgregor DR, Austin TX 78745

After reviewing 3 recent transactions in VILLAGE, I estimate this property's value at $480,327. A competitive list price for this home right now would fall in the $615,000 to $619,000 range. This home's position in the current VILLAGE market: the most affordable of 3 comparable homes on the market among comparable properties. Being 313 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.14 acres versus the area average of 0.18) contributes to the valuation. With 3 similar homes currently listed in VILLAGE (a balanced market), competition is a factor to consider. Prices in VILLAGE have fallen 9% over the last 6 months. A similar home at 2607 Baxter DR, Austin TX 78745 carries an adjusted comparable value of $353,708, providing a strong data point. With 3 comparable sales in VILLAGE, 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