5704 Scout Island CV, Austin TX 78731

The market data from 4 similar recent sales in 78731 points to a value of approximately $1,818,064. To sell within a reasonable timeframe at fair market value, the $1,381,000 to $1,391,000 range is where I'd position this. With 4 comparable homes on the market in 78731, this price positions the property as the most expensive of 4 comparable homes on the market. This home's larger footprint (398 sqft vs the comp average) plays a role in how the market prices it. The 1986 construction puts this home 5 years older than the comp average, a factor in the pricing. Buyers in 78731 have 4 comparable options right now, with asking prices between $1,299,000 and $4,250,000. In 78731, home values have fallen approximately 14.4% over the past 6 months. One of the strongest data points is 6103 Lonesome Valley TRL, Austin TX 78731, adjusting to $1,501,101; with a smaller floor plan. 4 comparable transactions in 78731 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