4400 Elmsgrove DR, Austin TX 78721

The market data from 7 similar recent sales in STONE GATE points to a value of approximately $614,182. To sell within a reasonable timeframe at fair market value, the $370,000 to $380,000 range is where I'd position this. Against 7 similar active listings in STONE GATE, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 2016 construction puts this home 11 years newer than the comp average, a factor in the pricing. At 0.52 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in STONE GATE, listed between $375,000 and $749,000. In 78721, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 5000 Baker ST, Austin TX 78721, adjusting to $664,300; a strong comparable. 7 comparable transactions in STONE GATE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group