12408 Drummond DR, Austin TX 78754

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $277,711. To generate strong buyer interest while maximizing value, I'd price this between $313,000 and $323,000. With 7 comparable homes on the market in EDINBURGH GARDENS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. Being 255 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2005 construction puts this home 8 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in EDINBURGH GARDENS; a buyer's market based on recent absorption. The trend in 78754 shows prices have fallen 5.5% in the past 6 months. 11932 Gaelic DR, Austin TX 78754 nearby adjusts to $273,708; with a larger floor plan. 5 comparable transactions in EDINBURGH GARDENS 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