2204 Monarch DR, Austin TX 78748

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $561,327. I'd recommend coming to market at $481,000 to $491,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in CASTLEWOOD FOREST ANNEX. Built in 1972, this home is 6 years older than the average comp, which is reflected in the adjustments. The 0.35 acre lot (larger than the 0.27 acre average) is reflected in the estimate. 3 similar homes are currently available in CASTLEWOOD FOREST ANNEX, creating a balanced market for this price range. The trend in 78748 shows prices have fallen 5.9% in the past 6 months. 2506 Comburg Castle WAY, Austin TX 78748 nearby adjusts to $901,842; with a larger floor plan. With 6 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