7708 Lenape TRL, Austin TX 78736

The market data from 3 similar recent sales in OVERLOOK ESTATES points to a value of approximately $1,046,207. To sell within a reasonable timeframe at fair market value, the $903,000 to $913,000 range is where I'd position this. With 7 comparable homes on the market in OVERLOOK ESTATES, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (155 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.48 acres, the lot is larger than the 0.41 acre comp average, which factors into pricing. Buyers in OVERLOOK ESTATES have 7 comparable options right now, with asking prices between $850,000 and $1,550,000. In 78736, home values have fallen approximately 18.3% over the past 6 months. One of the strongest data points is 7840 Aria LOOP, Austin TX 78736, adjusting to $915,212; a strong comparable. The 3 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