7502 Long Point DR, Austin TX 78731

After reviewing 7 recent transactions in 78731, I estimate this property's value at $1,223,604. A competitive list price for this home right now would fall in the $905,000 to $915,000 range. This would position the home competitively among 5 active listings in 78731. The smaller floor plan (128 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.32 acres versus the area average of 0.28) contributes to the valuation. Current inventory shows 5 comparable homes in 78731; a buyer's market based on recent absorption. Prices in 78731 have fallen 15.3% over the last 6 months. A similar home at 4303 Endcliffe DR, Austin TX 78731 carries an adjusted comparable value of $1,138,710, providing a strong data point. With 7 comparable sales in 78731, 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