3803 Tonkawa TRL # 1, Austin TX 78756

Based on 7 closed sales in 78756, the data points to a value around $949,763 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $530,000 to $540,000. Buyers shopping in 78756 right now would see this as a well positioned option among 7 comparable homes. Being built in 1997 (12 years newer than comps) is factored into the value estimate. Lot size matters here: 0.09 acres versus 0.13 for the typical comp. With 7 similar homes currently listed in 78756 (a balanced market), competition is a factor to consider. Market data shows 78756 prices fallen 9.9% over the last half year. The closest comparable sale, 3818 Ridgelea DR # B, Austin TX 78731 at an adjusted $796,398, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78756. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group