3906 Carmel DR, Austin TX 78721

Reviewing the most recent comparable transactions, this home's market value falls around $449,409. For a well positioned listing in OLIVIA HEIGHTS, I'd target the $314,000 to $324,000 range. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in OLIVIA HEIGHTS. The 126 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.25 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in OLIVIA HEIGHTS; a buyer's market based on recent absorption. Recent trends in 78721 show home values have fallen 7.9% since 6 months ago. The most comparable recent sale is 5101 Woodmoor DR, Austin TX 78721, with an adjusted value of $468,172; with a smaller floor plan. 6 comparable transactions in OLIVIA HEIGHTS 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