5708 Pecan Brook, Austin TX 78724

The market data from 4 similar recent sales in LAS CIMAS points to a value of approximately $243,271. To sell within a reasonable timeframe at fair market value, the $299,000 to $300,000 range is where I'd position this. With 7 comparable homes on the market in LAS CIMAS, this price positions the property as the most affordable of 7 comparable homes on the market. The 2008 construction puts this home 11 years newer than the comp average, a factor in the pricing. At 0.20 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in LAS CIMAS, listed between $250,000 and $387,500. In 78724, home values have risen approximately 5.5% over the past 6 months. One of the strongest data points is 5108 Edenbourgh LN, Austin TX 78754, adjusting to $315,098; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group