5102 Shoal Creek BLVD, Austin TX 78756

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $884,664. I'd recommend coming to market at $413,000 to $423,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in SHOALMONT, this price positions the property as the most expensive of 5 comparable homes on the market. This home's smaller footprint (290 sqft vs the comp average) plays a role in how the market prices it. Built in 1950, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in SHOALMONT; a seller's market based on recent absorption. The trend in SHOALMONT shows prices have fallen 5.8% in the past 6 months. 5423 Shoalwood Ave, Austin TX 78756 nearby adjusts to $898,466; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group