7501 Reed DR, Leander TX 78641

The estimated value of this property is $1,150,334, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $890,000 and $900,000. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in 78641. Built in 2006, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 0.51 acre lot (larger than the 0.40 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in 78641; a buyer's market based on recent absorption. Recent trends in 78641 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 13816 Lake View DR, Austin TX 78732, with an adjusted value of $963,577; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group