501 Arbor LN, Austin TX 78745

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $355,899. To generate strong buyer interest while maximizing value, I'd price this between $290,000 and $300,000. Against 5 similar active listings in COMMUNITY FAIRVIEW, this price point lands at the 2nd least expensive of 5 comparable homes on the market. This home's larger footprint (126 sqft vs the comp average) plays a role in how the market prices it. The 1964 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in COMMUNITY FAIRVIEW; a buyer's market based on recent absorption. The trend in COMMUNITY FAIRVIEW shows prices have risen 9.9% in the past 6 months. 511 Ramble LN, Austin TX 78745 nearby adjusts to $504,082; a strong comparable. The 6 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