4634 Marlo DR, Austin TX 78723

Based on 7 closed sales in 78723, the data points to a value around $496,231 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $384,000 to $394,000. This home's position in the current 78723 market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. Being built in 1953 (23 years older than comps) is factored into the value estimate. Lot size matters here: 1.09 acres versus 0.18 for the typical comp. Current inventory shows 7 comparable homes in 78723; a buyer's market based on recent absorption. Market data shows 78723 prices fallen 1.2% over the last half year. The closest comparable sale, 1610 Corona DR, Austin TX 78723 at an adjusted $588,658, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78723. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group