5703 Reynolds RD, Austin TX 78749

The market data from 7 similar recent sales in THOMSON L points to a value of approximately $817,768. To sell within a reasonable timeframe at fair market value, the $451,000 to $461,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in THOMSON L. The 1964 construction puts this home 14 years older than the comp average, a factor in the pricing. At 1.62 acres, the lot is larger than the 0.41 acre comp average, which factors into pricing. With 7 similar homes currently listed in THOMSON L (a balanced market), competition is a factor to consider. In 78749, home values have risen approximately 5.8% over the past 6 months. One of the strongest data points is 6310 Latigo PASS, Austin TX 78749, adjusting to $937,060; a strong comparable. 7 comparable transactions in THOMSON L support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group