5206 Turnabout LN, Austin TX 78731

Based on 6 closed sales in TURNABOUT TERRACE, the data points to a value around $1,286,733 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,594,000 to $1,644,000. Relative to what's currently available in TURNABOUT TERRACE, this home would be the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (363 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.22 acres versus 0.25 for the typical comp. The active market in TURNABOUT TERRACE includes 7 comparable homes priced from $1,149,000 to $1,900,000. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 4811 Shoal Creek BLVD, Austin TX 78756 at an adjusted $1,269,895, is with a smaller floor plan. The strength of this estimate comes from 6 directly comparable sales in TURNABOUT TERRACE. 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