8701 Leo ST, Austin TX 78745

The estimated value of this property is $547,838, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $434,000 and $444,000. With 7 comparable homes on the market in HOFFMAN CHARLES, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Built in 1955, this home is 37 years older than the average comp, which is reflected in the adjustments. The 1.00 acre lot (larger than the 0.20 acre average) is reflected in the estimate. Buyers in HOFFMAN CHARLES have 7 comparable options right now, with asking prices between $395,000 and $795,000. Recent trends in 78745 show home values have fallen 5.8% since 6 months ago. The most comparable recent sale is 4624 Chesney Ridge DR, Austin TX 78749, with an adjusted value of $570,170; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group