407 Lightsey RD, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $839,442. For a well positioned listing in 78704, I'd target the $1,184,000 to $1,209,000 range. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in 78704. At 105 sqft larger than the typical comp, the size difference factors into the valuation. The 2006 construction puts this home 6 years older than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in 78704, ranging from $869,900 to $1,399,000. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 3604 Villa CT, Austin TX 78704, with an adjusted value of $1,116,729; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group