5124 China Garden DR, Austin TX 78730

Based on 7 closed sales in RIVER PLACE, the data points to a value around $1,157,048 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,238,000 to $1,308,000. This home's position in the current RIVER PLACE market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. Being 188 sqft larger than the average comparable sale in this area impacts the per square foot value. Current inventory shows 4 comparable homes in RIVER PLACE; a buyer's market based on recent absorption. Market data shows RIVER PLACE prices fallen 2.3% over the last half year. The closest comparable sale, 10123 Treasure Island DR, Austin TX 78730 at an adjusted $1,307,894, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in RIVER PLACE. 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