After reviewing 5 recent transactions in 78736, I estimate this property's value at $498,015. A competitive list price for this home right now would fall in the $378,000 to $388,000 range. Relative to what's currently available in 78736, this home would be the 2nd most expensive of 4 comparable homes on the market. At 7 years older than typical comps, the 1965 build date influences the valuation. The larger lot (1.00 acres versus the area average of 0.90) contributes to the valuation. With 4 similar homes currently listed in 78736 (a balanced market), competition is a factor to consider. Prices in 78736 have fallen 18.9% over the last 6 months. A similar home at 7500 Dawn Hill CIR, Austin TX 78736 carries an adjusted comparable value of $537,433, providing a strong data point. With 5 comparable sales in 78736, 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