5501 Krause LN, Austin TX 78738

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $3,747,053. I'd recommend coming to market at $3,835,000 to $4,280,000 to strike the right balance between value and market velocity. In the current SPANISH OAKS market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. At 923 sqft larger than the typical comp, the size difference factors into the valuation. The 0.93 acre lot (larger than the 0.77 acre average) is reflected in the estimate. There are currently 4 similar homes on the market in SPANISH OAKS, ranging from $3,599,000 to $9,800,000. The trend in SPANISH OAKS shows prices have fallen 6.3% in the past 6 months. 6358 Spanish Oaks Club BLVD, Austin TX 78738 nearby adjusts to $3,666,412; with a pool. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group