7904 Menler DR, Austin TX 78735

The estimated value of this property is $932,312, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $914,000 and $956,000. With 4 comparable homes on the market in LANTANA, this price positions the property as the most expensive of 4 comparable homes on the market. At 245 sqft larger than the typical comp, the size difference factors into the valuation. The 0.18 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in LANTANA; a buyer's market based on recent absorption. Recent trends in LANTANA show home values have fallen 24.6% since 6 months ago. The most comparable recent sale is 7608 Journeyville DR, Austin TX 78735, with an adjusted value of $956,205; with a larger floor plan. With 6 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