2512 Wheless LN # 1, Austin TX 78723

The market data from 7 similar recent sales in ELDRIDGE points to a value of approximately $378,692. To sell within a reasonable timeframe at fair market value, the $270,000 to $280,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in ELDRIDGE. This home's smaller footprint (599 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.13 acre comp average, which factors into pricing. The active market in ELDRIDGE includes 7 comparable homes priced from $275,000 to $425,000. In 78723, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 6309 Friendswood Unit 2 DR, Austin TX 78723, adjusting to $360,050; with a larger floor plan. 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