3124 Edgewater DR, Austin TX 78733

Reviewing the most recent comparable transactions, this home's market value falls around $549,959. For a well positioned listing in CEBAR RANCH LAKEVIEW ACRES, I'd target the $687,000 to $733,000 range. With 4 comparable homes on the market in CEBAR RANCH LAKEVIEW ACRES, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. The 1960 construction puts this home 14 years older than the comp average, a factor in the pricing. At 0.54 acres, the lot is larger than the 0.36 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in CEBAR RANCH LAKEVIEW ACRES; a buyer's market based on recent absorption. Recent trends in 78733 show home values have fallen 20.9% since 6 months ago. The most comparable recent sale is 2812 Saratoga DR, Austin TX 78733, with an adjusted value of $634,413; with a larger 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