5413 Connally LN, Austin TX 78723

The market data from 7 similar recent sales in SENATE HILLS points to a value of approximately $528,177. To sell within a reasonable timeframe at fair market value, the $576,000 to $587,000 range is where I'd position this. With 7 comparable homes on the market in SENATE HILLS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (552 sqft vs the comp average) plays a role in how the market prices it. The 2007 construction puts this home 7 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in SENATE HILLS, creating a balanced market for this price range. In SENATE HILLS, home values have fallen approximately 2.5% over the past 6 months. One of the strongest data points is 5509 Rayburn LN, Austin TX 78723, adjusting to $492,625; 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