3987 Westlake DR, Austin TX 78746

The estimated value of this property is $2,844,132, based on 4 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $2,319,000 and $2,329,000. In the current PRESERVE market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 1.82 acre lot (larger than the 1.12 acre average) is reflected in the estimate. With 7 similar homes currently listed in PRESERVE (a balanced market), competition is a factor to consider. Recent trends in PRESERVE show home values have fallen 18% since 6 months ago. The most comparable recent sale is 4000 Shadow Oak LN, Austin TX 78746, with an adjusted value of $2,477,254; with a smaller floor plan. With 4 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