2608 Winchell LN, Austin TX 78725

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $479,776. I'd recommend coming to market at $288,000 to $298,000 to strike the right balance between value and market velocity. In the current KNOLLWOOD/COLORADO RIVER market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. This home's smaller footprint (140 sqft vs the comp average) plays a role in how the market prices it. The 0.17 acre lot (larger than the 0.14 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in KNOLLWOOD/COLORADO RIVER, ranging from $269,000 to $579,000. The trend in 78725 shows prices have fallen 4.5% in the past 6 months. 5615 Steven Creek WAY, Austin TX 78721 nearby adjusts to $467,714; a strong comparable. 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