5201 E Martin Luther King Jr BLVD, Austin TX 78721

My analysis of 7 comparable properties puts this home's estimated value at $323,155. Based on how the local market is moving, a list price between $271,000 and $281,000 would position this home well. Relative to what's currently available in TANNEHILL, this home would be the 3rd most expensive of 7 comparable homes on the market. At 40 years older than typical comps, the 1954 build date influences the valuation. The larger lot (2.65 acres versus the area average of 0.13) contributes to the valuation. The active market in TANNEHILL includes 7 comparable homes priced from $275,000 to $475,000. The 6 month price trend in 78721: fallen 5%. The best comp here is 4801 Springdale RD # 2310, Austin TX 78723 at an adjusted value of $291,986, a strong comparable. With 7 comparable sales in TANNEHILL, 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