2530 Spring LN, Austin TX 78703

After reviewing 3 recent transactions in MONTE VISTA, I estimate this property's value at $2,508,250. A competitive list price for this home right now would fall in the $1,488,000 to $1,498,000 range. This would position the home competitively among 7 active listings in MONTE VISTA. The smaller floor plan (223 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.31 acres versus the area average of 0.26) contributes to the valuation. 7 similar homes are currently available in MONTE VISTA, creating a buyer's market for this price range. Prices in 78703 have fallen 9.3% over the last 6 months. A similar home at 2416 Vista LN, Austin TX 78703 carries an adjusted comparable value of $1,660,289, providing a strong data point. With 3 comparable sales in MONTE VISTA, 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