5512 Colinton Ave, Austin TX 78754

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $329,005. I'd recommend coming to market at $357,000 to $360,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in EDINBURGH GARDENS, this price positions the property as the most affordable of 7 comparable homes on the market. The larger floor plan (120 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.11 acre lot (smaller than the 0.18 acre average) is reflected in the estimate. The active market in EDINBURGH GARDENS includes 7 comparable homes priced from $320,000 to $420,000. The trend in 78754 shows prices have fallen 2.1% in the past 6 months. 12400 Tay TER, Austin TX 78754 nearby adjusts to $315,438; a strong comparable. 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