5616 Emerald Forest DR # 115, Austin TX 78745

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $263,611. To generate strong buyer interest while maximizing value, I'd price this between $184,000 and $194,000. In the current CANTERBURY COMMONS CONDO market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 1982 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.12 acre comp average, which factors into pricing. With 3 similar homes currently listed in CANTERBURY COMMONS CONDO (a buyer's market), competition is a factor to consider. The trend in 78745 shows prices have fallen 5.2% in the past 6 months. 5616 Emerald Forest DR # 101, Austin TX 78745 nearby adjusts to $164,500; a strong comparable. 7 comparable transactions in CANTERBURY COMMONS CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group