6216 Boxcar RUN, Austin TX 78745

My analysis of 6 comparable properties puts this home's estimated value at $427,308. Based on how the local market is moving, a list price between $301,000 and $311,000 would position this home well. Relative to what's currently available in SOUTHWEST PARK, this home would be the 3rd least expensive of 7 comparable homes on the market. At 6 years newer than typical comps, the 1978 build date influences the valuation. The larger lot (0.27 acres versus the area average of 0.23) contributes to the valuation. Current inventory shows 7 comparable homes in SOUTHWEST PARK; a buyer's market based on recent absorption. The 6 month price trend in 78745: fallen 5.2%. The best comp here is 1444 Salem Meadow CIR, Austin TX 78745 at an adjusted value of $369,669, a strong comparable. With 6 comparable sales in SOUTHWEST PARK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group