5225 TORTUGA TRL, Austin TX 78731

The market data from 7 similar recent sales in CHAMBERS T points to a value of approximately $2,318,838. To sell within a reasonable timeframe at fair market value, the $1,072,000 to $1,082,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in CHAMBERS T. The 1960 construction puts this home 18 years older than the comp average, a factor in the pricing. At 2.08 acres, the lot is larger than the 0.36 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in CHAMBERS T, ranging from $965,000 to $2,675,000. In 78731, home values have risen approximately 3.4% over the past 6 months. One of the strongest data points is 3302 Cherry Tree CIR, Austin TX 78731, adjusting to $2,787,997; with a smaller floor plan. The 7 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