4622 Marlo DR, Austin TX 78723

Reviewing the most recent comparable transactions, this home's market value falls around $508,567. For a well positioned listing in 78723, I'd target the $591,000 to $596,000 range. In the current 78723 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.06 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78723; a buyer's market based on recent absorption. Recent trends in 78723 show home values have fallen 1.2% since 6 months ago. The most comparable recent sale is 4612 Windy Brook DR # A, Austin TX 78723, with an adjusted value of $461,988; a strong comparable. The 6 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