5501 Kite Tail DR, Austin TX 78730

The market data from 7 similar recent sales in RIVER PLACE points to a value of approximately $1,189,216. To sell within a reasonable timeframe at fair market value, the $1,017,000 to $1,027,000 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 RIVER PLACE. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. Current inventory shows 7 comparable homes in RIVER PLACE; a buyer's market based on recent absorption. In RIVER PLACE, home values have fallen approximately 5.4% over the past 6 months. One of the strongest data points is 10123 Treasure Island DR, Austin TX 78730, adjusting to $1,299,785; with a smaller floor plan and no pool. 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