2521 Elara DR, Austin TX 78725

The market data from 7 similar recent sales in HORNSBY GLEN points to a value of approximately $267,461. To sell within a reasonable timeframe at fair market value, the $175,000 to $185,000 range is where I'd position this. With 6 comparable homes on the market in HORNSBY GLEN, this price positions the property as the 2nd least expensive of 6 comparable homes on the market. At 0.18 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in HORNSBY GLEN, listed between $199,000 and $327,980. In 78725, home values have fallen approximately 4.3% over the past 6 months. One of the strongest data points is 11928 Aitne LN, Austin TX 78725, adjusting to $260,637; with a smaller 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