1505 Waterloo TRL # B, Austin TX 78704

Based on 7 closed sales in CINNAMON RIDGE, the data points to a value around $391,305 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $322,000 to $332,000. This home's position in the current CINNAMON RIDGE market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. Being built in 1982 (12 years older than comps) is factored into the value estimate. Lot size matters here: 0.16 acres versus 1.73 for the typical comp. 7 similar homes are currently available in CINNAMON RIDGE, creating a buyer's market for this price range. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 1912 Lightsey RD # 5, Austin TX 78704 at an adjusted $374,139, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in CINNAMON RIDGE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group