7413 Thomas Springs RD, Austin TX 78736

The estimated value of this property is $636,664, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $451,000 and $461,000. Against 7 similar active listings in 78736, this price point lands at the 3rd most expensive of 7 comparable homes on the market. Built in 1940, this home is 52 years older than the average comp, which is reflected in the adjustments. The 2.55 acre lot (larger than the 0.64 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78736, listed between $410,000 and $1,225,000. Recent trends in 78736 show home values have fallen 11.2% since 6 months ago. The most comparable recent sale is 9011 Dorella LN, Austin TX 78736, with an adjusted value of $513,150; with a smaller floor plan. Based on 7 relevant data points in 78736, 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