9309 Alex LN, Austin TX 78748

The market data from 7 similar recent sales in SOUTHPARK MEADOWS points to a value of approximately $480,954. To sell within a reasonable timeframe at fair market value, the $381,000 to $391,000 range is where I'd position this. With 7 comparable homes on the market in SOUTHPARK MEADOWS, this price positions the property as the most expensive of 7 comparable homes on the market. At 0.70 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SOUTHPARK MEADOWS; a balanced market based on recent absorption. In 78748, home values have fallen approximately 4.7% over the past 6 months. One of the strongest data points is 9305 Alex LN, Austin TX 78748, adjusting to $510,284; 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