8711 Leo ST, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $504,226. For a well positioned listing in 78745, I'd target the $337,000 to $347,000 range. With 7 comparable homes on the market in 78745, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 1971 construction puts this home 22 years older than the comp average, a factor in the pricing. At 0.73 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. 7 similar homes are currently available in 78745, creating a buyer's market for this price range. Recent trends in 78745 show home values have risen 2.2% since 6 months ago. The most comparable recent sale is 2211 Tanglevine DR, Austin TX 78748, with an adjusted value of $434,845; a strong comparable. The 7 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