8107 Davis Mountain PASS, Austin TX 78726

Reviewing the most recent comparable transactions, this home's market value falls around $653,048. For a well positioned listing in PARKE, I'd target the $361,000 to $371,000 range. Against 7 similar active listings in PARKE, this price point lands at the 4th most expensive of 7 comparable homes on the market. At 161 sqft smaller than the typical comp, the size difference factors into the valuation. The 1989 construction puts this home 10 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in PARKE; a seller's market based on recent absorption. Recent trends in PARKE show home values have fallen 10.1% since 6 months ago. The most comparable recent sale is 13816 Lake View DR, Austin TX 78732, with an adjusted value of $822,666; with a smaller 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