5800 Courtyard DR # 7, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $446,919. I'd recommend coming to market at $608,000 to $617,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78731. The larger floor plan (159 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1999, this home is 12 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78731, listed between $395,000 and $1,188,888. The trend in 78731 shows prices have fallen 15.3% in the past 6 months. 5613 Muster CT, Austin TX 78731 nearby adjusts to $445,245; a strong comparable. Based on 3 relevant data points in 78731, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX