4809 CYPRESS BND, Austin TX 78744

Based on 7 closed sales in 78744, the data points to a value around $293,822 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $199,000 to $209,000. Relative to what's currently available in 78744, this home would be the most expensive of 4 comparable homes on the market. The 340 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1983 (6 years older than comps) is factored into the value estimate. The active market in 78744 includes 4 comparable homes priced from $200,000 to $290,000. Market data shows 78744 prices fallen 6.3% over the last half year. The closest comparable sale, 1400 Brandt DR, Austin TX 78742 at an adjusted $281,267, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78744. 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