3002 Garden Villa LN, Austin TX 78704

The market data from 7 similar recent sales in GARDEN OAKS points to a value of approximately $735,179. To sell within a reasonable timeframe at fair market value, the $720,000 to $750,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in GARDEN OAKS. At 170 sqft larger than the typical comp, the size difference factors into the valuation. The 1980 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in GARDEN OAKS; a seller's market based on recent absorption. In GARDEN OAKS, home values have fallen approximately 43.6% over the past 6 months. One of the strongest data points is 1000 S Center ST, Austin TX 78704, adjusting to $575,750; with a smaller floor plan. 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