2425 Elara DR, Austin TX 78725

After reviewing 7 recent transactions in HORNSBY GLEN, I estimate this property's value at $233,262. A competitive list price for this home right now would fall in the $226,000 to $240,000 range. This would position the home competitively among 1 active listings in HORNSBY GLEN. The smaller floor plan (250 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.11 acres versus the area average of 0.17) contributes to the valuation. Right now, 1 similar properties are competing for buyers in HORNSBY GLEN, listed between $274,472 and $274,472. Prices in 78725 have fallen 4.5% over the last 6 months. A similar home at 11928 Aitne LN, Austin TX 78725 carries an adjusted comparable value of $214,473, providing a strong data point. With 7 comparable sales in HORNSBY GLEN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group