4803 PLACID PL, Austin TX 78731

The estimated value of this property is $848,125, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $605,000 and $615,000. In the current 78731 market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 1964, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.25 acre average) is reflected in the estimate. With 7 similar homes currently listed in 78731 (a balanced market), competition is a factor to consider. Recent trends in 78731 show home values have risen 1.4% since 6 months ago. The most comparable recent sale is 3509 Hillbrook CIR, Austin TX 78731, with an adjusted value of $571,615; a strong comparable. Based on 7 relevant data points in 78731, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX