7321 Black Mountain DR, Austin TX 78736

After reviewing 7 recent transactions in COVERED BRIDGE, I estimate this property's value at $606,481. A competitive list price for this home right now would fall in the $420,000 to $430,000 range. This home's position in the current COVERED BRIDGE market: the most expensive of 4 comparable homes on the market among comparable properties. This home's smaller footprint (964 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.17 acres versus the area average of 0.22) contributes to the valuation. With 4 similar homes currently listed in COVERED BRIDGE (a balanced market), competition is a factor to consider. Prices in COVERED BRIDGE have risen 3.8% over the last 6 months. A similar home at 7600 Covered Bridge DR, Austin TX 78736 carries an adjusted comparable value of $587,776, providing a strong data point. With 7 comparable sales in COVERED BRIDGE, 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