5516 Allamanda DR, Austin TX 78739

The market data from 7 similar recent sales in 78739 points to a value of approximately $847,903. To sell within a reasonable timeframe at fair market value, the $723,000 to $733,000 range is where I'd position this. With 6 comparable homes on the market in 78739, this price positions the property as the 3rd most expensive of 6 comparable homes on the market. The 2013 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.18 acres, the lot is smaller than the 0.47 acre comp average, which factors into pricing. With 6 similar homes currently listed in 78739 (a balanced market), competition is a factor to consider. In 78739, home values have risen approximately 5.7% over the past 6 months. One of the strongest data points is 2812 Alsatia DR, Austin TX 78748, adjusting to $692,879; 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