5802 Coventry LN, Austin TX 78723

My analysis of 6 comparable properties puts this home's estimated value at $893,465. Based on how the local market is moving, a list price between $640,000 and $650,000 would position this home well. This home's position in the current 78723 market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. At 7 years newer than typical comps, the 1968 build date influences the valuation. The larger lot (0.39 acres versus the area average of 0.26) contributes to the valuation. There are currently 7 similar homes on the market in 78723, ranging from $649,900 to $1,099,000. The 6 month price trend in 78723: risen 1.5%. The best comp here is 1311 Ridgehaven DR, Austin TX 78723 at an adjusted value of $615,545, a strong comparable. The comp data here (6 sales in 78723) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus