1101 Shoal Creek BLVD # 4, Austin TX 78701

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $414,316. I'd recommend coming to market at $533,000 to $578,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in TERRACE, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Built in 1961, this home is 16 years older than the average comp, which is reflected in the adjustments. Buyers in TERRACE have 7 comparable options right now, with asking prices between $395,000 and $675,000. The trend in 78701 shows prices have fallen 22.2% in the past 6 months. 1101 Shoal Creek BLVD # 2, Austin TX 78701 nearby adjusts to $485,000; a strong comparable. 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