7518 Downridge DR, Austin TX 78731

The estimated value of this property is $1,289,088, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,113,000 and $1,123,000. With 7 comparable homes on the market in 78731, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (122 sqft vs the comp average) plays a role in how the market prices it. The pool is a standout feature, with 4 of 5 comparable homes not offering one. The active market in 78731 includes 7 comparable homes priced from $950,000 to $1,500,000. Recent trends in 78731 show home values have risen 4.8% since 6 months ago. The most comparable recent sale is 7601 Parkview CIR, Austin TX 78731, with an adjusted value of $1,021,591; with a smaller floor plan and no pool. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group