6701 ELFLAND DR, Austin TX 78746

After reviewing 7 recent transactions in RIVERCREST, I estimate this property's value at $1,226,338. A competitive list price for this home right now would fall in the $911,000 to $921,000 range. This would position the home competitively among 5 active listings in RIVERCREST. The smaller floor plan (267 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.31 acres versus the area average of 0.63) contributes to the valuation. Current inventory shows 5 comparable homes in RIVERCREST; a buyer's market based on recent absorption. Prices in 78746 have risen 1.7% over the last 6 months. A similar home at 1500 Ridgecrest DR, Austin TX 78746 carries an adjusted comparable value of $1,003,278, providing a strong data point. With 7 comparable sales in RIVERCREST, 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