221 Monarch LN, Austin TX 78737

The market data from 7 similar recent sales in 78737 points to a value of approximately $593,965. To sell within a reasonable timeframe at fair market value, the $674,000 to $678,000 range is where I'd position this. Against 7 similar active listings in 78737, this price point lands at the most affordable of 7 comparable homes on the market. Being 157 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.00 acres, the lot is smaller than the 0.29 acre comp average, which factors into pricing. The active market in 78737 includes 7 comparable homes priced from $625,000 to $895,000. In 78737, home values have risen approximately 1.3% over the past 6 months. One of the strongest data points is 271 Longmont LN, Austin TX 78737, adjusting to $600,511; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group