5901 Paseo Del Toro # A, Austin TX 78731

After reviewing 5 recent transactions in ARROYO SECO, I estimate this property's value at $347,272. A competitive list price for this home right now would fall in the $220,000 to $230,000 range. Buyers shopping in ARROYO SECO right now would see this as a well positioned option among 7 comparable homes. At 11 years older than typical comps, the 1981 build date influences the valuation. The larger lot (0.23 acres versus the area average of 0.19) contributes to the valuation. Current inventory shows 7 comparable homes in ARROYO SECO; a buyer's market based on recent absorption. Prices in 78731 have fallen 15.3% over the last 6 months. A similar home at 6000 Shepherd Mountain CV # 1916, Austin TX 78730 carries an adjusted comparable value of $341,915, providing a strong data point. The comp data here (5 sales in ARROYO SECO) 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