8805 Scarlet CIR, Austin TX 78737

After reviewing 7 recent transactions in ASHLEY OAKS, I estimate this property's value at $690,544. A competitive list price for this home right now would fall in the $573,000 to $583,000 range. This home's position in the current ASHLEY OAKS market: the most expensive of 4 comparable homes on the market among comparable properties. At 5 years newer than typical comps, the 2005 build date influences the valuation. The larger lot (3.04 acres versus the area average of 0.19) contributes to the valuation. The active market in ASHLEY OAKS includes 4 comparable homes priced from $585,000 to $730,000. Prices in 78737 have fallen 3.7% over the last 6 months. A similar home at 6507 Abilene TRL, Austin TX 78749 carries an adjusted comparable value of $621,366, providing a strong data point. With 7 comparable sales in ASHLEY OAKS, 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