1702 Loreto DR, Austin TX 78721

The estimated value of this property is $453,670, based on 4 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $322,000 and $332,000. Against 7 similar active listings in MCKINLEY HEIGHTS TERRACE, this price point lands at the 2nd least expensive of 7 comparable homes on the market. At 197 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1967, this home is 6 years newer than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in MCKINLEY HEIGHTS TERRACE, ranging from $299,500 to $699,000. Recent trends in 78721 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 1308 Greenwood Ave, Austin TX 78721, with an adjusted value of $610,063; with a smaller floor plan. Based on 4 relevant data points in MCKINLEY HEIGHTS TERRACE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX