10500 MARGRA LN, Austin TX 78748

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $370,186. I'd recommend coming to market at $396,000 to $397,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78748, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Built in 1973, this home is 14 years older than the average comp, which is reflected in the adjustments. The 0.76 acre lot (larger than the 0.33 acre average) is reflected in the estimate. Buyers in 78748 have 7 comparable options right now, with asking prices between $349,000 and $436,000. The trend in 78748 shows prices have fallen 4.7% in the past 6 months. 10010 Gail RD, Austin TX 78748 nearby adjusts to $193,928; with a larger floor plan. With 7 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