5729 KRAUSE LN # 18, Austin TX 78738

Based on 7 closed sales in SPANISH OAKS, the data points to a value around $3,087,500 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,648,000 to $1,658,000. This would position the home competitively among 6 active listings in SPANISH OAKS. Being built in 2007 (7 years older than comps) is factored into the value estimate. Lot size matters here: 0.30 acres versus 0.79 for the typical comp. There are currently 6 similar homes on the market in SPANISH OAKS, ranging from $1,599,000 to $4,750,000. Market data shows SPANISH OAKS prices fallen 36% over the last half year. The closest comparable sale, 12533 Maidenhair LN, Austin TX 78738 at an adjusted $2,941,808, is with a larger floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in SPANISH OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group