8216 Phantom Canyon DR, Austin TX 78726

After reviewing 7 recent transactions in PARKE, I estimate this property's value at $705,801. A competitive list price for this home right now would fall in the $742,000 to $754,000 range. This home's position in the current PARKE market: the 2nd least expensive of 6 comparable homes on the market among comparable properties. At 155 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (0.18 acres versus the area average of 0.22) contributes to the valuation. Right now, 6 similar properties are competing for buyers in PARKE, listed between $675,000 and $999,000. Prices in PARKE have fallen 10.1% over the last 6 months. A similar home at 8233 Phantom Canyon DR, Austin TX 78726 carries an adjusted comparable value of $741,780, providing a strong data point. With 7 comparable sales in PARKE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group