5705 Scout Island CV, Austin TX 78731

My analysis of 7 comparable properties puts this home's estimated value at $1,340,113. Based on how the local market is moving, a list price between $1,066,000 and $1,076,000 would position this home well. Relative to what's currently available in 78731, this home would be the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (224 sqft vs the comp average) plays a role in how the market prices it. At 6 years older than typical comps, the 1985 build date influences the valuation. 7 similar homes are currently available in 78731, creating a buyer's market for this price range. The 6 month price trend in 78731: fallen 13.8%. The best comp here is 6600 W Courtyard DR, Austin TX 78730 at an adjusted value of $1,261,485, a strong comparable. With 7 comparable sales in 78731, 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