4010 Michael Neill DR, Austin TX 78730

The estimated value of this property is $1,211,245, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,309,000 and $1,346,000. Against 3 similar active listings in RIVER PLACE, this price point lands at the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (250 sqft vs the comp average) plays a role in how the market prices it. The 0.38 acre lot (larger than the 0.34 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in RIVER PLACE; a buyer's market based on recent absorption. Recent trends in RIVER PLACE show home values have fallen 1.8% since 6 months ago. The most comparable recent sale is 4105 Michael Neill DR, Austin TX 78730, with an adjusted value of $1,162,776; with a larger 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