2611 Water Well LN, Austin TX 78728

My analysis of 7 comparable properties puts this home's estimated value at $439,446. Based on how the local market is moving, a list price between $431,000 and $448,000 would position this home well. Buyers shopping in WELLS BRANCH right now would see this as a well positioned option among 6 comparable homes. The 110 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.26 acres versus the area average of 0.16) contributes to the valuation. Current inventory shows 6 comparable homes in WELLS BRANCH; a buyer's market based on recent absorption. The 6 month price trend in WELLS BRANCH: fallen 3.1%. The best comp here is 1815 Michael Wayne DR, Austin TX 78728 at an adjusted value of $453,157, a strong comparable. With 7 comparable sales in WELLS BRANCH, 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