5616 Laceback TER, Austin TX 78738

My analysis of 4 comparable properties puts this home's estimated value at $4,031,152. Based on how the local market is moving, a list price between $5,033,000 and $5,320,000 would position this home well. This home's position in the current SPANISH OAKS market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. Being 1,107 sqft larger than the average comparable sale in this area impacts the per square foot value. At 5 years newer than typical comps, the 2016 build date influences the valuation. With 3 similar homes currently listed in SPANISH OAKS (a buyer's market), competition is a factor to consider. The 6 month price trend in SPANISH OAKS: fallen 13.4%. The best comp here is 12308 Emory Oak LN, Austin TX 78738 at an adjusted value of $5,033,322, with a smaller floor plan. The comp data here (4 sales in SPANISH OAKS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus