7203 Riverside DR, Austin TX 78741

The market data from 7 similar recent sales in DELVALLE points to a value of approximately $259,732. To sell within a reasonable timeframe at fair market value, the $161,000 to $171,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in DELVALLE. The 1955 construction puts this home 18 years older than the comp average, a factor in the pricing. At 0.79 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. With 7 similar homes currently listed in DELVALLE (a buyer's market), competition is a factor to consider. In 78741, home values have fallen approximately 8.2% over the past 6 months. One of the strongest data points is 405 Montopolis DR, Austin TX 78741, adjusting to $257,448; a strong comparable. 7 comparable transactions in DELVALLE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group