7408 Derby Downs DR, Austin TX 78747

Reviewing the most recent comparable transactions, this home's market value falls around $346,065. For a well positioned listing in SHELDON, I'd target the $336,000 to $356,000 range. In the current SHELDON market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 292 sqft size difference versus comparable sales is reflected in the adjusted values. The 2008 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in SHELDON; a buyer's market based on recent absorption. Recent trends in SHELDON show home values have risen 0.8% since 6 months ago. The most comparable recent sale is 9001 Edmundsbury DR, Austin TX 78747, with an adjusted value of $353,633; with a smaller floor plan. The 5 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