5501 Pendleton LN, Austin TX 78723

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $593,301. I'd recommend coming to market at $310,000 to $320,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in PRESWYCK HILLS, this price positions the property as the most expensive of 7 comparable homes on the market. At 142 sqft larger than the typical comp, the size difference factors into the valuation. The 0.24 acre lot (larger than the 0.21 acre average) is reflected in the estimate. Buyers in PRESWYCK HILLS have 7 comparable options right now, with asking prices between $275,000 and $615,000. The trend in 78723 shows prices have fallen 1.2% in the past 6 months. 5307 Gladstone DR, Austin TX 78723 nearby adjusts to $692,881; with a smaller floor plan. With 7 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