6810 Hanover LN, Austin TX 78723

My analysis of 3 comparable properties puts this home's estimated value at $566,270. Based on how the local market is moving, a list price between $495,000 and $505,000 would position this home well. This home's position in the current UNIVERSITY HILLS market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. This home's larger footprint (167 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.18 acres versus the area average of 0.21) contributes to the valuation. Right now, 4 similar properties are competing for buyers in UNIVERSITY HILLS, listed between $495,000 and $775,000. The 6 month price trend in UNIVERSITY HILLS: risen 6.2%. The best comp here is 7303 Geneva DR, Austin TX 78723 at an adjusted value of $434,610, a strong comparable. With 3 comparable sales in UNIVERSITY HILLS, 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