7509 Lobelia DR, Austin TX 78729

The market data from 7 similar recent sales in LOS INDIOS points to a value of approximately $542,902. To sell within a reasonable timeframe at fair market value, the $581,000 to $595,000 range is where I'd position this. In the current LOS INDIOS market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. Being 293 sqft smaller than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. 3 similar homes are currently available in LOS INDIOS, creating a balanced market for this price range. In LOS INDIOS, home values have fallen approximately 15.5% over the past 6 months. One of the strongest data points is 12500 Cortaro CV, Austin TX 78729, adjusting to $552,966; with a larger floor plan. 7 comparable transactions in LOS INDIOS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group