2508 ELARA DR, Austin TX 78725

After reviewing 7 recent transactions in 78725, I estimate this property's value at $305,251. A competitive list price for this home right now would fall in the $248,000 to $258,000 range. This home's position in the current 78725 market: the most expensive of 2 comparable homes on the market among comparable properties. This home's smaller footprint (444 sqft vs the comp average) plays a role in how the market prices it. At 9 years older than typical comps, the 2009 build date influences the valuation. With 2 similar homes currently listed in 78725 (a buyer's market), competition is a factor to consider. Prices in 78725 have fallen 4.5% over the last 6 months. A similar home at 2005 Maxwell LN # B, Austin TX 78741 carries an adjusted comparable value of $327,728, providing a strong data point. The comp data here (7 sales in 78725) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus