4501 Abelia DR, Austin TX 78727

Reviewing the most recent comparable transactions, this home's market value falls around $398,452. For a well positioned listing in 78727, I'd target the $440,000 to $446,000 range. In the current 78727 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 1989 construction puts this home 7 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in 78727; a buyer's market based on recent absorption. Recent trends in 78727 show home values have fallen 4.7% since 6 months ago. The most comparable recent sale is 3608 Cookstown DR, Austin TX 78759, with an adjusted value of $440,053; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group