1023 Nile ST, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $585,007. I'd recommend coming to market at $406,000 to $416,000 to strike the right balance between value and market velocity. In the current ROSEWOOD market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (285 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1976, this home is 32 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in ROSEWOOD (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have risen 0% in the past 6 months. 1122 Tillery ST, Austin TX 78702 nearby adjusts to $698,231; with a larger floor plan. Based on 7 relevant data points in ROSEWOOD, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX