7801 Lenape TRL, Austin TX 78736

The estimated value of this property is $1,169,402, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $942,000 and $952,000. With 2 comparable homes on the market in OVERLOOK ESTATES, this price positions the property as the most expensive of 2 comparable homes on the market. Being 396 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2013, this home is 5 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in OVERLOOK ESTATES; a buyer's market based on recent absorption. Recent trends in 78736 show home values have fallen 17.6% since 6 months ago. The most comparable recent sale is 9901 Lenape CV, Austin TX 78736, with an adjusted value of $1,370,048; with a smaller floor plan. With 3 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