400 Powell CIR, Austin TX 78704

The estimated value of this property is $1,068,546, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $1,151,000 and $1,182,000. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in SOUTH PARK. Built in 2007, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 0.27 acre lot (larger than the 0.14 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in SOUTH PARK; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 1.6% since 6 months ago. The most comparable recent sale is 2707 La Mesa DR, Austin TX 78704, with an adjusted value of $1,150,793; a strong comparable. 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