5204 Backtrail DR, Austin TX 78731

The market data from 5 similar recent sales in CAT MOUNTAIN NORTH points to a value of approximately $1,162,029. To sell within a reasonable timeframe at fair market value, the $590,000 to $600,000 range is where I'd position this. In the current CAT MOUNTAIN NORTH market with 5 similar homes available, this price represents the most expensive of 5 comparable homes on the market. The pool is a differentiator here, since 3 of 5 comparable sales didn't include one. At 0.29 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. 5 similar homes are currently available in CAT MOUNTAIN NORTH, creating a buyer's market for this price range. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 4435 Stony Meadow LN, Austin TX 78731, adjusting to $917,134; with a larger floor plan. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group