4611 Cedar PT, Austin TX 78723

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $551,519. To generate strong buyer interest while maximizing value, I'd price this between $637,000 and $666,000. With 7 comparable homes on the market in DEVONSHIRE PARK, this price positions the property as the most affordable of 7 comparable homes on the market. The 2004 construction puts this home 7 years older than the comp average, a factor in the pricing. At 0.18 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in DEVONSHIRE PARK; a buyer's market based on recent absorption. The trend in 78723 shows prices have fallen 1.2% in the past 6 months. 4608 Windy Brook DR # B, Austin TX 78723 nearby adjusts to $495,795; a strong comparable. 4 comparable transactions in DEVONSHIRE PARK 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