2602 Rae Dell Ave, Austin TX 78704

The estimated value of this property is $661,719, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $517,000 and $527,000. In the current RABB INWOOD HILLS market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. Being 116 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1955, this home is 23 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in RABB INWOOD HILLS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 1.2% since 6 months ago. The most comparable recent sale is 2206 La Casa DR, Austin TX 78704, with an adjusted value of $728,320; with a smaller 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