5607 SPRINGVILLE LN, Austin TX 78744

My analysis of 7 comparable properties puts this home's estimated value at $278,651. Based on how the local market is moving, a list price between $234,000 and $244,000 would position this home well. This home's position in the current 78744 market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. This home's larger footprint (155 sqft vs the comp average) plays a role in how the market prices it. At 17 years older than typical comps, the 1978 build date influences the valuation. With 7 similar homes currently listed in 78744 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78744: fallen 4.5%. The best comp here is 6416 Orange Blossom WAY, Austin TX 78744 at an adjusted value of $252,539, with a smaller floor plan. With 7 comparable sales in 78744, 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