5816 STEVEN CREEK WAY, Austin TX 78721

The estimated value of this property is $480,386, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $243,000 and $253,000. With 4 comparable homes on the market in GROVES, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. Being 198 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2005, this home is 25 years newer than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in GROVES, listed between $229,999 and $474,900. Recent trends in 78721 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 300 Crockett ST # 304, Austin TX 78704, with an adjusted value of $423,180; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group