5005 Arax CV, Austin TX 78731

My analysis of 5 comparable properties puts this home's estimated value at $1,298,174. Based on how the local market is moving, a list price between $1,096,000 and $1,106,000 would position this home well. This pricing would rank the home as the most expensive of 3 comparable homes on the market in VISTA WEST's current inventory. Being 100 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (0.44 acres versus the area average of 0.38) contributes to the valuation. There are currently 3 similar homes on the market in VISTA WEST, ranging from $995,000 to $1,375,000. The 6 month price trend in VISTA WEST: fallen 6.8%. The best comp here is 5100 Lea CV, Austin TX 78731 at an adjusted value of $1,189,551, with a smaller floor plan. With 5 comparable sales in VISTA WEST, 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