8737 W 71 Highway, Austin TX 78735

Reviewing the most recent comparable transactions, this home's market value falls around $736,098. For a well positioned listing in 78735, I'd target the $795,000 to $802,000 range. In the current 78735 market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. Being 783 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1975 construction puts this home 8 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78735; a buyer's market based on recent absorption. Recent trends in 78735 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 6803 Silvermine DR, Austin TX 78736, with an adjusted value of $553,135; with a smaller floor plan. 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