8008 Davis Mountain PASS, Austin TX 78726

The market data from 4 similar recent sales in PARKE points to a value of approximately $595,686. To sell within a reasonable timeframe at fair market value, the $578,000 to $614,000 range is where I'd position this. With 4 comparable homes on the market in PARKE, this price positions the property as the most affordable of 4 comparable homes on the market. The smaller floor plan (245 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1991 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 4 similar properties are competing for buyers in PARKE, listed between $700,000 and $1,200,000. In PARKE, home values have fallen approximately 6.8% over the past 6 months. One of the strongest data points is 8119 Tahoe Parke CIR, Austin TX 78726, adjusting to $504,217; with a larger floor plan. The 4 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