3311 River RD, Austin TX 78703

The market data from 7 similar recent sales in RIVER ROAD PARK points to a value of approximately $3,603,001. To sell within a reasonable timeframe at fair market value, the $3,843,000 to $3,868,000 range is where I'd position this. With 3 comparable homes on the market in RIVER ROAD PARK, this price positions the property as the most expensive of 3 comparable homes on the market. This home's smaller footprint (204 sqft vs the comp average) plays a role in how the market prices it. The pool is a differentiator here, since 2 of 7 comparable sales didn't include one. Right now, 3 similar properties are competing for buyers in RIVER ROAD PARK, listed between $2,760,000 and $8,500,000. In 78703, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 5 Green Lane LN, Austin TX 78703, adjusting to $3,304,138; with a larger floor plan. 7 comparable transactions in RIVER ROAD PARK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group