8604 Kimono Ridge DR, Austin TX 78748

The market data from 4 similar recent sales in LAURELWOOD ESTATES points to a value of approximately $638,517. To sell within a reasonable timeframe at fair market value, the $500,000 to $510,000 range is where I'd position this. With 4 comparable homes on the market in LAURELWOOD ESTATES, this price positions the property as the most expensive of 4 comparable homes on the market. This home's larger footprint (235 sqft vs the comp average) plays a role in how the market prices it. The 2000 construction puts this home 5 years older than the comp average, a factor in the pricing. 4 similar homes are currently available in LAURELWOOD ESTATES, creating a balanced market for this price range. In 78748, home values have fallen approximately 5.6% over the past 6 months. One of the strongest data points is 7207 Albert RD, Austin TX 78745, adjusting to $719,997; with a larger floor plan. The 4 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