3508 Colmenero CIR, Austin TX 78741

The estimated value of this property is $522,291, based on 4 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $395,000 and $405,000. In the current SANTA MONICA PARK market with 5 similar homes available, this price represents the 2nd least expensive of 5 comparable homes on the market. The 0.28 acre lot (larger than the 0.24 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in SANTA MONICA PARK; a buyer's market based on recent absorption. Recent trends in SANTA MONICA PARK show home values have risen 14.1% since 6 months ago. The most comparable recent sale is 3108 Matador DR, Austin TX 78741, with an adjusted value of $346,328; a strong comparable. Based on 4 relevant data points in SANTA MONICA PARK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX