4805 Precipice CV, Austin TX 78731

After reviewing 7 recent transactions in CLIFF OVER LAKE AUSTIN, I estimate this property's value at $2,863,932. A competitive list price for this home right now would fall in the $2,028,000 to $2,038,000 range. This pricing would rank the home as the 2nd most expensive of 3 comparable homes on the market in CLIFF OVER LAKE AUSTIN's current inventory. At 698 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.47 acres versus the area average of 0.41) contributes to the valuation. With 3 similar homes currently listed in CLIFF OVER LAKE AUSTIN (a buyer's market), competition is a factor to consider. Prices in 78731 have fallen 15.3% over the last 6 months. A similar home at 5217 S Scout Island CIR, Austin TX 78731 carries an adjusted comparable value of $7,550,636, providing a strong data point. With 7 comparable sales in CLIFF OVER LAKE AUSTIN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group