7704 Basil DR, Austin TX 78750

The market data from 6 similar recent sales in CANYON RIDGE points to a value of approximately $685,794. To sell within a reasonable timeframe at fair market value, the $489,000 to $499,000 range is where I'd position this. With 6 comparable homes on the market in CANYON RIDGE, this price positions the property as the 2nd most expensive of 6 comparable homes on the market. The smaller floor plan (173 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.24 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in CANYON RIDGE; a balanced market based on recent absorption. In 78750, home values have fallen approximately 8.2% over the past 6 months. One of the strongest data points is 7603 Basil CV, Austin TX 78750, adjusting to $725,473; with a larger floor plan. The 6 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