601 Nelray BLVD # 8, Austin TX 78751

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $433,347. I'd recommend coming to market at $446,000 to $514,000 to strike the right balance between value and market velocity. In the current NELRAY PLACE CONDO market with 0 similar homes available, this price represents no active comparable homes on the market. At 676 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1985, this home is 22 years newer than the average comp, which is reflected in the adjustments. The trend in 78751 shows prices have fallen 4.9% in the past 6 months. 912 1/2 E 50th ST, Austin TX 78751 nearby adjusts to $298,884; with a larger floor plan. 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