7905 W Rim DR, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,911,026. I'd recommend coming to market at $2,615,000 to $4,494,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in CANYON RIM. The larger floor plan (163 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2002, this home is 7 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in CANYON RIM; a buyer's market based on recent absorption. The trend in 78731 shows prices have fallen 15.3% in the past 6 months. 7921 West Rim DR, Austin TX 78731 nearby adjusts to $1,653,467; with a larger floor plan and a pool. Based on 3 relevant data points in CANYON RIM, 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