838 Neans DR, Austin TX 78758

My analysis of 7 comparable properties puts this home's estimated value at $452,661. Based on how the local market is moving, a list price between $387,000 and $397,000 would position this home well. Buyers shopping in NEANS PLACE right now would see this as a well positioned option among 7 comparable homes. At 9 years older than typical comps, the 1964 build date influences the valuation. The larger lot (0.35 acres versus the area average of 0.23) contributes to the valuation. Current inventory shows 7 comparable homes in NEANS PLACE; a buyer's market based on recent absorption. The 6 month price trend in 78758: fallen 4.6%. The best comp here is 1311 Meadgreen DR, Austin TX 78758 at an adjusted value of $540,816, a strong comparable. With 7 comparable sales in NEANS PLACE, 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