3124 Edgewater DR, Austin TX 78733

Reviewing the most recent comparable transactions, this home's market value falls around $548,627. For a well positioned listing in CEBAR RANCH LAKEVIEW ACRES, I'd target the $603,000 to $732,000 range. With 2 comparable homes on the market in CEBAR RANCH LAKEVIEW ACRES, this price positions the property as the most expensive of 2 comparable homes on the market. At 144 sqft larger than the typical comp, the size difference factors into the valuation. The 1960 construction puts this home 11 years older than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in CEBAR RANCH LAKEVIEW ACRES; a balanced market based on recent absorption. Recent trends in 78733 show home values have fallen 8.9% since 6 months ago. The most comparable recent sale is 2805 Mecca RD, Austin TX 78733, with an adjusted value of $602,798; 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