5312 Scenic View DR, Austin TX 78746

Reviewing the most recent comparable transactions, this home's market value falls around $857,123. For a well positioned listing in SCENIC VIEW WEST, I'd target the $1,233,000 to $1,241,000 range. With 7 comparable homes on the market in SCENIC VIEW WEST, this price positions the property as the most affordable of 7 comparable homes on the market. The smaller floor plan (280 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.00 acres, the lot is smaller than the 0.21 acre comp average, which factors into pricing. With 7 similar homes currently listed in SCENIC VIEW WEST (a buyer's market), competition is a factor to consider. Recent trends in 78746 show home values have risen 1.7% since 6 months ago. The most comparable recent sale is 2210 Westlake DR # A, Austin TX 78746, with an adjusted value of $1,232,586; with a larger floor plan. The 3 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