8926 Black Oak ST, Austin TX 78729

The market data from 6 similar recent sales in SPRINGWOODS points to a value of approximately $458,317. To sell within a reasonable timeframe at fair market value, the $378,000 to $388,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in SPRINGWOODS. This home's smaller footprint (100 sqft vs the comp average) plays a role in how the market prices it. At 0.18 acres, the lot is smaller than the 0.22 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in SPRINGWOODS, listed between $415,000 and $465,000. In SPRINGWOODS, home values have fallen approximately 0.4% over the past 6 months. One of the strongest data points is 12410 Sparkling Creek CIR, Austin TX 78729, adjusting to $452,805; a strong comparable. The 6 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