8700 Big View DR, Austin TX 78730

The market data from 7 similar recent sales in RIVER PLACE points to a value of approximately $1,704,105. To sell within a reasonable timeframe at fair market value, the $2,137,000 to $2,297,000 range is where I'd position this. With 5 comparable homes on the market in RIVER PLACE, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. The 1,715 sqft size difference versus comparable sales is reflected in the adjusted values. The 2006 construction puts this home 6 years newer than the comp average, a factor in the pricing. The active market in RIVER PLACE includes 5 comparable homes priced from $1,495,000 to $7,300,000. In RIVER PLACE, home values have fallen approximately 5.4% over the past 6 months. One of the strongest data points is 4105 Michael Neill DR, Austin TX 78730, adjusting to $1,742,175; with a smaller floor plan. 7 comparable transactions in RIVER PLACE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group