5101 Rainbow RDG, Austin TX 78721

My analysis of 7 comparable properties puts this home's estimated value at $406,500. Based on how the local market is moving, a list price between $274,000 and $284,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in HARMONY HEIGHTS's current inventory. The larger floor plan (132 sqft compared to the average comp) is a meaningful differentiator in this price range. At 17 years older than typical comps, the 1967 build date influences the valuation. With 7 similar homes currently listed in HARMONY HEIGHTS (a buyer's market), competition is a factor to consider. The 6 month price trend in 78721: fallen 6%. The best comp here is 1104 Gardner CV, Austin TX 78721 at an adjusted value of $259,300, a strong comparable. With 7 comparable sales in HARMONY HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group