601 Nelray BLVD # 11, Austin TX 78751

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $391,491. To generate strong buyer interest while maximizing value, I'd price this between $150,000 and $160,000. Against 5 similar active listings in NELRAY PLACE CONDO, this price point lands at the most expensive of 5 comparable homes on the market. This home's smaller footprint (463 sqft vs the comp average) plays a role in how the market prices it. The 1985 construction puts this home 15 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in NELRAY PLACE CONDO (a buyer's market), competition is a factor to consider. The trend in 78751 shows prices have fallen 6.5% in the past 6 months. 912 1/2 E 50th ST, Austin TX 78751 nearby adjusts to $336,356; 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