2505 Gardenia DR, Austin TX 78727

Reviewing the most recent comparable transactions, this home's market value falls around $356,836. For a well positioned listing in KINGS, I'd target the $257,000 to $267,000 range. Against 7 similar active listings in KINGS, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1965 construction puts this home 18 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in KINGS, creating a buyer's market for this price range. Recent trends in 78727 show home values have fallen 8.9% since 6 months ago. The most comparable recent sale is 2318 Dowd LN, Austin TX 78728, with an adjusted value of $327,537; 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