5411 Pendleton LN, Austin TX 78723

The market data from 5 similar recent sales in PRESWYCK HILLS points to a value of approximately $586,543. To sell within a reasonable timeframe at fair market value, the $489,000 to $499,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in PRESWYCK HILLS. This home's larger footprint (354 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.19 acre comp average, which factors into pricing. 4 similar homes are currently available in PRESWYCK HILLS, creating a buyer's market for this price range. In 78723, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 5307 Halmark DR, Austin TX 78723, adjusting to $553,249; with a smaller 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