3405 Santa Monica DR, Austin TX 78741

The market data from 4 similar recent sales in SANTA MONICA PARK points to a value of approximately $576,513. To sell within a reasonable timeframe at fair market value, the $559,000 to $594,000 range is where I'd position this. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in SANTA MONICA PARK. Being 160 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.42 acres, the lot is larger than the 0.30 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in SANTA MONICA PARK; a buyer's market based on recent absorption. In SANTA MONICA PARK, home values have risen approximately 21.2% over the past 6 months. One of the strongest data points is 3108 Matador DR, Austin TX 78741, adjusting to $346,823; with a larger floor plan. The 4 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