502 Serene Estates DR, Austin TX 78738

After reviewing 3 recent transactions in SERENE HILLS, I estimate this property's value at $1,612,902. A competitive list price for this home right now would fall in the $1,288,000 to $1,298,000 range. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in SERENE HILLS's current inventory. The larger floor plan (129 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.41 acres versus the area average of 0.45) contributes to the valuation. Current inventory shows 7 comparable homes in SERENE HILLS; a balanced market based on recent absorption. Prices in SERENE HILLS have fallen 7.3% over the last 6 months. A similar home at 1008 Crestone Stream DR, Lakeway TX 78738 carries an adjusted comparable value of $1,394,150, providing a strong data point. The comp data here (3 sales in SERENE HILLS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus