9708 Alex LN, Austin TX 78748

The market data from 7 similar recent sales in RESERVE SOUTHPARK MEADOWS THE points to a value of approximately $391,788. To sell within a reasonable timeframe at fair market value, the $398,000 to $423,000 range is where I'd position this. With 5 comparable homes on the market in RESERVE SOUTHPARK MEADOWS THE, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. At 175 sqft smaller than the typical comp, the size difference factors into the valuation. The 2011 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in RESERVE SOUTHPARK MEADOWS THE; a balanced market based on recent absorption. In 78748, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 9401 Margaret Jewel LN, Austin TX 78748, adjusting to $398,170; with a larger floor plan. 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