2616 Niemann DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $706,758. For a well positioned listing in SOUTHLAND OAKS, I'd target the $771,000 to $827,000 range. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in SOUTHLAND OAKS. At 189 sqft larger than the typical comp, the size difference factors into the valuation. At 0.32 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in SOUTHLAND OAKS, listed between $825,000 and $1,175,000. Recent trends in SOUTHLAND OAKS show home values have fallen 8.8% since 6 months ago. The most comparable recent sale is 11500 Arbor Downs RD, Austin TX 78748, with an adjusted value of $676,185; 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