7709 Menchaca RD # 16, Austin TX 78745

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $473,681. I'd recommend coming to market at $506,000 to $511,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in STINSON OAKS, this price positions the property as the most affordable of 3 comparable homes on the market. At 187 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 3 comparable homes in STINSON OAKS; a buyer's market based on recent absorption. The trend in 78745 shows prices have fallen 5.5% in the past 6 months. 7709 Menchaca RD # 32, Austin TX 78745 nearby adjusts to $516,795; with a smaller floor plan. Based on 7 relevant data points in STINSON OAKS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX