315 Lexington DR, Austin TX 78737

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $494,829. I'd recommend coming to market at $526,000 to $556,000 to strike the right balance between value and market velocity. In the current 78737 market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Built in 2004, this home is 6 years older than the average comp, which is reflected in the adjustments. The 0.10 acre lot (smaller than the 0.19 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in 78737, ranging from $469,800 to $750,000. The trend in 78737 shows prices have fallen 3% in the past 6 months. 150 Manchester LN, Austin TX 78737 nearby adjusts to $491,264; with a larger floor plan. Based on 7 relevant data points in 78737, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX