601 Nelray BLVD # 2, Austin TX 78751

The market data from 7 similar recent sales in NELRAY PLACE CONDO points to a value of approximately $397,908. To sell within a reasonable timeframe at fair market value, the $150,000 to $160,000 range is where I'd position this. Against 5 similar active listings in NELRAY PLACE CONDO, this price point lands at the most expensive of 5 comparable homes on the market. The smaller floor plan (483 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1985 construction puts this home 5 years older than the comp average, a factor in the pricing. Buyers in NELRAY PLACE CONDO have 5 comparable options right now, with asking prices between $154,900 and $190,000. In 78751, home values have fallen approximately 4.1% over the past 6 months. One of the strongest data points is 912 1/2 E 50th ST, Austin TX 78751, adjusting to $336,592; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group