2429 ELARA DR, Austin TX 78725

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $283,754. I'd recommend coming to market at $287,000 to $289,000 to strike the right balance between value and market velocity. In the current 78725 market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. The smaller floor plan (640 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2008, this home is 10 years older than the average comp, which is reflected in the adjustments. The active market in 78725 includes 2 comparable homes priced from $249,900 to $274,472. The trend in 78725 shows prices have fallen 4.5% in the past 6 months. 2005 Maxwell LN # B, Austin TX 78741 nearby adjusts to $328,716; a strong comparable. Based on 7 relevant data points in 78725, 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