5310 Backtrail DR, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $1,453,532. For a well positioned listing in CAT MOUNTAIN NORTH, I'd target the $1,036,000 to $1,046,000 range. In the current CAT MOUNTAIN NORTH market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The larger floor plan (131 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.41 acres, the lot is larger than the 0.36 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in CAT MOUNTAIN NORTH, listed between $950,000 and $1,335,000. Recent trends in 78731 show home values have fallen 15.3% since 6 months ago. The most comparable recent sale is 6406 Cerro CV, Austin TX 78731, with an adjusted value of $1,398,984; 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