1407 Waterloo TRL # B, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $299,640. I'd recommend coming to market at $388,000 to $513,000 to strike the right balance between value and market velocity. In the current CINNAMON RIDGE market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Built in 1982, this home is 5 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in CINNAMON RIDGE; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 3601 Menchaca RD # 105, Austin TX 78704 nearby adjusts to $321,895; a strong comparable. With 5 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