7004 Burnell DR, Austin TX 78723

After reviewing 4 recent transactions in 78723, I estimate this property's value at $612,739. A competitive list price for this home right now would fall in the $363,000 to $373,000 range. This home's position in the current 78723 market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. The larger floor plan (269 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.30 acres versus the area average of 0.25) contributes to the valuation. There are currently 5 similar homes on the market in 78723, ranging from $310,000 to $695,000. Prices in 78723 have fallen 1.2% over the last 6 months. A similar home at 3101 Val DR, Austin TX 78723 carries an adjusted comparable value of $725,872, providing a strong data point. The comp data here (4 sales in 78723) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus