8616 Acuarela CT, Austin TX 78735

The market data from 5 similar recent sales in AMARRA DRIVE points to a value of approximately $3,275,549. To sell within a reasonable timeframe at fair market value, the $3,210,000 to $3,341,000 range is where I'd position this. With 3 comparable homes on the market in AMARRA DRIVE, this price positions the property as the most affordable of 3 comparable homes on the market. The pool is a differentiator here, since 1 of 5 comparable sales didn't include one. At 1.09 acres, the lot is larger than the 0.89 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in AMARRA DRIVE; a buyer's market based on recent absorption. In AMARRA DRIVE, home values have fallen approximately 44.8% over the past 6 months. One of the strongest data points is 4220 Verano DR, Austin TX 78735, adjusting to $3,391,480; with a larger floor plan. The 5 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