8812 Towana TRL, Austin TX 78736

The market data from 7 similar recent sales in COVERED BRIDGE points to a value of approximately $743,757. To sell within a reasonable timeframe at fair market value, the $790,000 to $811,000 range is where I'd position this. Against 4 similar active listings in COVERED BRIDGE, this price point lands at the most affordable of 4 comparable homes on the market. At 237 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.39 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. With 4 similar homes currently listed in COVERED BRIDGE (a seller's market), competition is a factor to consider. In COVERED BRIDGE, home values have fallen approximately 12% over the past 6 months. One of the strongest data points is 8623 Foggy Mountain DR, Austin TX 78736, adjusting to $673,875; 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