3916 Tranquil LN, Austin TX 78728

The estimated value of this property is $447,124, based on 5 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $463,000 and $482,000. Against 7 similar active listings in RACEWAY SINGLE FAMILY SUB SEC, this price point lands at the 2nd least expensive of 7 comparable homes on the market. At 208 sqft larger than the typical comp, the size difference factors into the valuation. With 7 similar homes currently listed in RACEWAY SINGLE FAMILY SUB SEC (a balanced market), competition is a factor to consider. Recent trends in RACEWAY SINGLE FAMILY SUB SEC show home values have risen 13.1% since 6 months ago. The most comparable recent sale is 16324 Copper Ellis TRCE, Austin TX 78728, with an adjusted value of $436,376; with a smaller floor plan. With 5 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