4507 E M L King Jr BLVD # 121, Austin TX 78721

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $544,478. I'd recommend coming to market at $234,000 to $244,000 to strike the right balance between value and market velocity. Against 7 similar active listings in EAGLE VIEW PLACE, this price point lands at the 3rd most expensive of 7 comparable homes on the market. Built in 2020, this home is 16 years newer than the average comp, which is reflected in the adjustments. The 0.89 acre lot (larger than the 0.15 acre average) is reflected in the estimate. With 7 similar homes currently listed in EAGLE VIEW PLACE (a buyer's market), competition is a factor to consider. The trend in 78721 shows prices have fallen 5% in the past 6 months. 1207 Luna ST # 2, Austin TX 78721 nearby adjusts to $593,970; with a smaller floor plan. Based on 7 relevant data points in EAGLE VIEW PLACE, 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