2107 Downing LN, Leander TX 78641

Reviewing the most recent comparable transactions, this home's market value falls around $577,524. For a well positioned listing in 78641, I'd target the $501,000 to $511,000 range. Among the similar homes currently available in 78641, this price point stands out as competitive. The 1990 construction puts this home 20 years older than the comp average, a factor in the pricing. At 2.55 acres, the lot is larger than the 0.88 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78641; a buyer's market based on recent absorption. Recent trends in 78641 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 6724 The Outer Ave, Leander TX 78641, with an adjusted value of $797,825; with a larger floor plan. 7 comparable transactions in 78641 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group