7402 Arctic CT, Austin TX 78724

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $410,242. I'd recommend coming to market at $328,000 to $338,000 to strike the right balance between value and market velocity. Against 5 similar active listings in 78724, this price point lands at the most expensive of 5 comparable homes on the market. At 160 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1998, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in 78724; a buyer's market based on recent absorption. The trend in 78724 shows prices have risen 5.5% in the past 6 months. 5408 Mars LN, Austin TX 78724 nearby adjusts to $438,192; with a larger floor plan. Based on 7 relevant data points in 78724, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX