3907a Clawson RD, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $574,320. For a well positioned listing in BANISTER HEIGHTS, I'd target the $671,000 to $706,000 range. Against 7 similar active listings in BANISTER HEIGHTS, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (317 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1953 construction puts this home 19 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in BANISTER HEIGHTS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 4420 Jester DR, Austin TX 78745, with an adjusted value of $500,575; a strong comparable. The 7 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