9204 Alex LN, Austin TX 78748

After reviewing 7 recent transactions in SOUTHPARK MEADOWS, I estimate this property's value at $390,681. A competitive list price for this home right now would fall in the $412,000 to $447,000 range. Relative to what's currently available in SOUTHPARK MEADOWS, this home would be the 2nd most expensive of 3 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 3 comparable homes in SOUTHPARK MEADOWS; a balanced market based on recent absorption. Prices in 78748 have fallen 5.9% over the last 6 months. A similar home at 10137 Milla CIR, Austin TX 78748 carries an adjusted comparable value of $357,009, providing a strong data point. With 7 comparable sales in SOUTHPARK MEADOWS, 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