5201 Hedgewood DR, Austin TX 78745

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $371,693. I'd recommend coming to market at $276,000 to $286,000 to strike the right balance between value and market velocity. Against 3 similar active listings in COMMUNITY FAIRVIEW, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1978, this home is 8 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in COMMUNITY FAIRVIEW; a balanced market based on recent absorption. The trend in COMMUNITY FAIRVIEW shows prices have fallen 11.1% in the past 6 months. 412 Thistlewood DR, Austin TX 78745 nearby adjusts to $392,373; a strong comparable. With 3 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