8500 Young LN, Austin TX 78737

Based on 7 closed sales in LEWIS MOUNTAIN RANCH, the data points to a value around $1,118,463 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,381,000 to $1,385,000. This would position the home competitively among 3 active listings in LEWIS MOUNTAIN RANCH. Being 1,507 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 2007 (11 years newer than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in LEWIS MOUNTAIN RANCH; a balanced market based on recent absorption. Market data shows 78737 prices fallen 0.5% over the last half year. The closest comparable sale, 8417 La Plata LOOP, Austin TX 78737 at an adjusted $1,130,596, is with a smaller floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in LEWIS MOUNTAIN RANCH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group