5718 Standing Rock DR, Austin TX 78730

Reviewing the most recent comparable transactions, this home's market value falls around $1,528,149. For a well positioned listing in LONG CANYON -A, I'd target the $1,178,000 to $1,188,000 range. With 7 comparable homes on the market in LONG CANYON -A, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. At 1.02 acres, the lot is larger than the 0.92 acre comp average, which factors into pricing. With 7 similar homes currently listed in LONG CANYON -A (a buyer's market), competition is a factor to consider. Recent trends in LONG CANYON -A show home values have fallen 26% since 6 months ago. The most comparable recent sale is 9305 Leaning Rock CIR, Austin TX 78730, with an adjusted value of $1,305,467; with a smaller floor plan. The 7 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