603 Old Manchaca RD, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $447,392. For a well positioned listing in 78748, I'd target the $479,000 to $481,000 range. In the current 78748 market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 1977 construction puts this home 19 years older than the comp average, a factor in the pricing. At 1.22 acres, the lot is larger than the 1.13 acre comp average, which factors into pricing. 7 similar homes are currently available in 78748, creating a balanced market for this price range. Recent trends in 78748 show home values have fallen 4.7% since 6 months ago. The most comparable recent sale is 647 W FM 1626, Austin TX 78748, with an adjusted value of $479,391; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group