2629 Niemann DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $660,398. For a well positioned listing in SOUTHLAND OAKS, I'd target the $502,000 to $512,000 range. In the current SOUTHLAND OAKS market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. The 148 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.33 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. 5 similar homes are currently available in SOUTHLAND OAKS, creating a buyer's market for this price range. Recent trends in SOUTHLAND OAKS show home values have fallen 7.7% since 6 months ago. The most comparable recent sale is 3142 Montwood TRL, Austin TX 78748, with an adjusted value of $665,255; a strong comparable. 4 comparable transactions in SOUTHLAND OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group