8110 Davis Mountain PASS, Austin TX 78726

After reviewing 7 recent transactions in PARKE, I estimate this property's value at $625,123. A competitive list price for this home right now would fall in the $337,000 to $347,000 range. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in PARKE's current inventory. This home's smaller footprint (296 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.18 acres versus the area average of 0.46) contributes to the valuation. Current inventory shows 5 comparable homes in PARKE; based on recent absorption. Prices in PARKE have fallen 6.8% over the last 6 months. A similar home at 8111 Davis Mountain PASS, Austin TX 78726 carries an adjusted comparable value of $476,391, providing a strong data point. The comp data here (7 sales in PARKE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus