1821 Rhodes RD, Austin TX 78721

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $433,565. I'd recommend coming to market at $334,000 to $344,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78721, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Built in 1996, this home is 18 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in 78721, creating a buyer's market for this price range. The trend in 78721 shows prices have fallen 5% in the past 6 months. 5009 Lott Ave, Austin TX 78721 nearby adjusts to $278,380; a strong comparable. Based on 7 relevant data points in 78721, 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