8913 Mountain Shadows CV # 8913A, Austin TX 78735

My analysis of 5 comparable properties puts this home's estimated value at $381,027. Based on how the local market is moving, a list price between $370,000 and $392,000 would position this home well. This home's position in the current 78735 market: the most expensive of 3 comparable homes on the market among comparable properties. The smaller floor plan (137 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.18 acres versus the area average of 0.15) contributes to the valuation. With 3 similar homes currently listed in 78735 (a buyer's market), competition is a factor to consider. The 6 month price trend in 78735: fallen 10.1%. The best comp here is 6705 Covered Bridge DR # 8, Austin TX 78736 at an adjusted value of $375,197, a strong comparable. With 5 comparable sales in 78735, 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