2109 Elara DR, Austin TX 78725

The estimated value of this property is $305,602, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $250,000 and $260,000. In the current HORNSBY GLEN market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 276 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2008, this home is 7 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in HORNSBY GLEN; a buyer's market based on recent absorption. Recent trends in 78725 show home values have fallen 2.5% since 6 months ago. The most comparable recent sale is 11928 Aitne LN, Austin TX 78725, with an adjusted value of $246,166; a strong comparable. Based on 7 relevant data points in HORNSBY GLEN, 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