The market data from 7 similar recent sales in ALLANDALE WEST points to a value of approximately $1,134,033. To sell within a reasonable timeframe at fair market value, the $723,000 to $733,000 range is where I'd position this. With 7 comparable homes on the market in ALLANDALE WEST, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 110 sqft larger than the typical comp, the size difference factors into the valuation. With 7 similar homes currently listed in ALLANDALE WEST (a balanced market), competition is a factor to consider. In ALLANDALE WEST, home values have fallen approximately 24.8% over the past 6 months. One of the strongest data points is 5800 Marilyn DR, Austin TX 78757, adjusting to $1,067,310; a strong comparable. 7 comparable transactions in ALLANDALE WEST 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