1201 Gemini DR, Austin TX 78758

The market data from 7 similar recent sales in GRACYWOODS points to a value of approximately $496,976. To sell within a reasonable timeframe at fair market value, the $333,000 to $343,000 range is where I'd position this. With 7 comparable homes on the market in GRACYWOODS, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 151 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.22 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in GRACYWOODS; a balanced market based on recent absorption. In GRACYWOODS, home values have risen approximately 11.8% over the past 6 months. One of the strongest data points is 1305 Doonesbury DR, Austin TX 78758, adjusting to $405,000; a strong comparable. 7 comparable transactions in GRACYWOODS 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