5205 Pink Poppy PASS # 24, Austin TX 78735

Based on 7 closed sales in CAYENA, the data points to a value around $951,975 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $836,000 to $846,000. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in CAYENA's current inventory. Being built in 2020 (8 years newer than comps) is factored into the value estimate. Lot size matters here: 0.10 acres versus 0.21 for the typical comp. Current inventory shows 7 comparable homes in CAYENA; a buyer's market based on recent absorption. Market data shows 78735 prices fallen 11.8% over the last half year. The closest comparable sale, 5717 Medicine Creek CRK, Austin TX 78735 at an adjusted $762,015, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in CAYENA. 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