5905 Overlook DR, Austin TX 78731

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,837,188. I'd recommend coming to market at $1,357,000 to $1,367,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78731. Being 513 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1984, this home is 5 years older than the average comp, which is reflected in the adjustments. Buyers in 78731 have 7 comparable options right now, with asking prices between $1,150,000 and $4,250,000. The trend in 78731 shows prices have fallen 15.3% in the past 6 months. 6600 W Courtyard DR, Austin TX 78730 nearby adjusts to $1,519,846; with a smaller floor plan. Based on 7 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