4008 Edgerock DR, Austin TX 78731

After reviewing 7 recent transactions in 78731, I estimate this property's value at $998,325. A competitive list price for this home right now would fall in the $517,000 to $527,000 range. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in 78731's current inventory. The smaller lot (0.00 acres versus the area average of 0.30) contributes to the valuation. Current inventory shows 5 comparable homes in 78731; a buyer's market based on recent absorption. Prices in 78731 have fallen 15.3% over the last 6 months. A similar home at 7201 Mesa DR, Austin TX 78731 carries an adjusted comparable value of $802,736, providing a strong data point. With 7 comparable sales in 78731, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group