5600 Scenic View DR, Austin TX 78746

After reviewing 7 recent transactions in TIPCO, I estimate this property's value at $6,757,465. A competitive list price for this home right now would fall in the $4,474,000 to $4,484,000 range. Buyers shopping in TIPCO right now would see this as a well positioned option among 4 comparable homes. This home's larger footprint (3,406 sqft vs the comp average) plays a role in how the market prices it. The larger lot (5.57 acres versus the area average of 0.95) contributes to the valuation. There are currently 4 similar homes on the market in TIPCO, ranging from $5,495,000 to $15,900,000. Prices in 78746 have fallen 2.1% over the last 6 months. A similar home at 1905 Hallam DR, Austin TX 78746 carries an adjusted comparable value of $8,673,388, providing a strong data point. With 7 comparable sales in TIPCO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group