3009 Garden Villa LN, Austin TX 78704

The estimated value of this property is $906,693, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $597,000 and $607,000. With 5 comparable homes on the market in GARDEN OAKS, this price positions the property as the most expensive of 5 comparable homes on the market. The smaller floor plan (281 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2006, this home is 6 years older than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in GARDEN OAKS, listed between $650,000 and $895,000. Recent trends in GARDEN OAKS show home values have fallen 24.3% since 6 months ago. The most comparable recent sale is 2707 La Mesa DR, Austin TX 78704, with an adjusted value of $1,066,944; with a larger floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group