3911 Silverspring DR, Austin TX 78759

The estimated value of this property is $963,839, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $806,000 and $816,000. With 4 comparable homes on the market in WESTOVER HILLS, this price positions the property as the most expensive of 4 comparable homes on the market. At 113 sqft larger than the typical comp, the size difference factors into the valuation. The 0.33 acre lot (larger than the 0.28 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in WESTOVER HILLS; a seller's market based on recent absorption. Recent trends in WESTOVER HILLS show home values have fallen 11.4% since 6 months ago. The most comparable recent sale is 8610 MESA DR, Austin TX 78759, with an adjusted value of $1,212,813; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group