8516 Shallot WAY, Austin TX 78748

The market data from 7 similar recent sales in PARKRIDGE GARDENS points to a value of approximately $475,661. To sell within a reasonable timeframe at fair market value, the $491,000 to $493,000 range is where I'd position this. Against 7 similar active listings in PARKRIDGE GARDENS, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 2008 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.22 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. 7 similar homes are currently available in PARKRIDGE GARDENS, creating a balanced market for this price range. In 78748, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 9209 Sawyer Fay LN, Austin TX 78748, adjusting to $461,332; a strong comparable. The 7 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