2707 Magellan DR, Austin TX 78733

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $841,702. I'd recommend coming to market at $465,000 to $475,000 to strike the right balance between value and market velocity. Among the similar homes currently available in TIN LAKE ESTATES, this price point stands out as competitive. Built in 2013, this home is 20 years newer than the average comp, which is reflected in the adjustments. The 0.24 acre lot (smaller than the 0.36 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in TIN LAKE ESTATES, ranging from $420,000 to $1,275,000. The trend in TIN LAKE ESTATES shows prices have fallen 17.8% in the past 6 months. 2703 Palomino DR, Austin TX 78733 nearby adjusts to $774,395; 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