6803 Kings PT, Austin TX 78723

The market data from 4 similar recent sales in RIVERBEND UNIV points to a value of approximately $597,541. To sell within a reasonable timeframe at fair market value, the $520,000 to $530,000 range is where I'd position this. With 7 comparable homes on the market in RIVERBEND UNIV, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 204 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.27 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in RIVERBEND UNIV; a buyer's market based on recent absorption. In 78723, home values have fallen approximately 9.2% over the past 6 months. One of the strongest data points is 7105 Fred Morse DR, Austin TX 78723, adjusting to $350,809; a strong comparable. The 4 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