8701 Escarpment # 53, Austin TX 78749

After reviewing 7 recent transactions in 78749, I estimate this property's value at $602,313. A competitive list price for this home right now would fall in the $389,000 to $399,000 range. This pricing would rank the home as the most expensive of 7 comparable homes on the market in 78749's current inventory. At 7 years newer than typical comps, the 2006 build date influences the valuation. The larger lot (0.53 acres versus the area average of 0.20) contributes to the valuation. There are currently 7 similar homes on the market in 78749, ranging from $374,000 to $610,000. Prices in 78749 have risen 1.3% over the last 6 months. A similar home at 6303 Clairmont DR, Austin TX 78749 carries an adjusted comparable value of $789,645, providing a strong data point. With 7 comparable sales in 78749, 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