3607 Lucas DR, Austin TX 78731

The estimated value of this property is $1,365,591, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $996,000 and $1,006,000. Against 7 similar active listings in BEVERLY HILLS, this price point lands at the 4th most expensive of 7 comparable homes on the market. This home's larger footprint (104 sqft vs the comp average) plays a role in how the market prices it. Built in 1973, this home is 6 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in BEVERLY HILLS; a buyer's market based on recent absorption. Recent trends in 78731 show home values have fallen 15.3% since 6 months ago. The most comparable recent sale is 6005 Bon Terra DR, Austin TX 78731, with an adjusted value of $1,209,775; with a smaller floor plan. Based on 7 relevant data points in BEVERLY HILLS, 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