2700 Pectoral DR, Austin TX 78748

My analysis of 7 comparable properties puts this home's estimated value at $393,950. Based on how the local market is moving, a list price between $306,000 and $316,000 would position this home well. This home's position in the current PHEASANT RUN market: the most expensive of 4 comparable homes on the market among comparable properties. The smaller floor plan (150 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.19 acres versus the area average of 0.16) contributes to the valuation. Current inventory shows 4 comparable homes in PHEASANT RUN; a balanced market based on recent absorption. The 6 month price trend in PHEASANT RUN: fallen 5.8%. The best comp here is 2809 Wilcrest DR, Austin TX 78748 at an adjusted value of $435,580, a strong comparable. With 7 comparable sales in PHEASANT RUN, 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