8815 Cainwood LN, Austin TX 78729

The market data from 3 similar recent sales in SPRINGWOODS points to a value of approximately $430,905. To sell within a reasonable timeframe at fair market value, the $243,000 to $253,000 range is where I'd position this. In the current SPRINGWOODS market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The smaller floor plan (159 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.21 acres, the lot is smaller than the 0.25 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in SPRINGWOODS, ranging from $249,900 to $439,900. In SPRINGWOODS, home values have fallen approximately 9.2% over the past 6 months. One of the strongest data points is 12411 Sparkling Creek CIR, Austin TX 78729, adjusting to $466,372; a strong comparable. 3 comparable transactions in SPRINGWOODS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group