2403 Drew LN, Austin TX 78748

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $369,116. I'd recommend coming to market at $422,000 to $426,000 to strike the right balance between value and market velocity. Against 7 similar active listings in SOUTHWEST GATE, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Being 153 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.31 acre lot (larger than the 0.23 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in SOUTHWEST GATE, listed between $349,000 and $436,000. The trend in 78748 shows prices have fallen 4.7% in the past 6 months. 3108 Jubilee TRL, Austin TX 78748 nearby adjusts to $432,074; with a smaller 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