2208 Maxwell LN, Austin TX 78741

The estimated value of this property is $285,740, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $370,000 and $388,000. In the current 78741 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (327 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1955, this home is 14 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78741, listed between $299,000 and $499,000. Recent trends in 78741 show home values have fallen 9.6% since 6 months ago. The most comparable recent sale is 6015 Carnation TER, Austin TX 78741, with an adjusted value of $184,846; with a smaller floor plan. Based on 5 relevant data points in 78741, 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