7116 Othello CV, Austin TX 78735

The market data from 7 similar recent sales in LANTANA SINGLE FAMILY points to a value of approximately $1,058,412. To sell within a reasonable timeframe at fair market value, the $851,000 to $861,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in LANTANA SINGLE FAMILY. At 409 sqft larger than the typical comp, the size difference factors into the valuation. At 0.53 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in LANTANA SINGLE FAMILY, listed between $799,000 and $2,349,000. In 78735, home values have fallen approximately 10.1% over the past 6 months. One of the strongest data points is 7809 Tusman DR, Austin TX 78735, adjusting to $896,755; with a smaller floor plan. The 7 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