2421 ELARA DR, Austin TX 78725

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $336,614. To generate strong buyer interest while maximizing value, I'd price this between $327,000 and $347,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in 78725. The 2008 construction puts this home 10 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.11 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in 78725; a buyer's market based on recent absorption. The trend in 78725 shows prices have fallen 4.5% in the past 6 months. 1613 Arcilla ST, Austin TX 78741 nearby adjusts to $407,478; 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