5205 Palermo DR, Austin TX 78738

The comparable sales data (7 recent transactions in TERRA COLINAS) supports an estimated value of $714,646. The data suggests a list price between $741,000 and $750,000 would attract qualified buyers without leaving money on the table. This home's position in the current TERRA COLINAS market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. Being 184 sqft larger than the average comparable sale in this area impacts the per square foot value. With 7 similar homes currently listed in TERRA COLINAS (a buyer's market), competition is a factor to consider. Prices in TERRA COLINAS have fallen 8.2% over the last 6 months. A similar home at 14904 Via Del Corso DR, Bee Cave TX 78738 carries an adjusted comparable value of $740,987, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus