4016 Michael Neill DR, Austin TX 78730

After reviewing 5 recent transactions in RIVER PLACE, I estimate this property's value at $1,255,715. A competitive list price for this home right now would fall in the $1,218,000 to $1,293,000 range. Buyers shopping in RIVER PLACE right now would see this as a well positioned option among 3 comparable homes. This home's larger footprint (396 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.24 acres versus the area average of 0.29) contributes to the valuation. With 3 similar homes currently listed in RIVER PLACE (a buyer's market), competition is a factor to consider. Prices in RIVER PLACE have fallen 1.8% over the last 6 months. A similar home at 4105 Michael Neill DR, Austin TX 78730 carries an adjusted comparable value of $1,207,152, providing a strong data point. The comp data here (5 sales in RIVER PLACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus