2705 Cottonwood Shores DR, Austin TX 78725

The market data from 7 similar recent sales in KNOLLWOOD points to a value of approximately $524,454. To sell within a reasonable timeframe at fair market value, the $548,000 to $552,000 range is where I'd position this. With 3 comparable homes on the market in KNOLLWOOD, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (107 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 3 similar properties are competing for buyers in KNOLLWOOD, listed between $499,000 and $558,600. In KNOLLWOOD, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 6620 Alleyton DR, Austin TX 78725, adjusting to $590,911; a strong comparable. The 7 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