2512 Wheless LN # 5, Austin TX 78723

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $378,692. I'd recommend coming to market at $270,000 to $280,000 to strike the right balance between value and market velocity. Against 7 similar active listings in ELDRIDGE, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The smaller floor plan (599 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.00 acre lot (smaller than the 0.13 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in ELDRIDGE; a buyer's market based on recent absorption. The trend in 78723 shows prices have fallen 1.2% in the past 6 months. 6309 Friendswood Unit 2 DR, Austin TX 78723 nearby adjusts to $360,050; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group