3987 River Place BLVD, Austin TX 78730

The estimated value of this property is $856,213, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $708,000 and $718,000. In the current RIVER PLACE market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. Built in 2014, this home is 18 years newer than the average comp, which is reflected in the adjustments. The 0.28 acre lot (larger than the 0.25 acre average) is reflected in the estimate. With 5 similar homes currently listed in RIVER PLACE (a buyer's market), competition is a factor to consider. Recent trends in RIVER PLACE show home values have risen 29% since 6 months ago. The most comparable recent sale is 5156 China Garden DR, Austin TX 78730, with an adjusted value of $807,625; 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