6211 Manor RD # 116, Austin TX 78723

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $476,565. To generate strong buyer interest while maximizing value, I'd price this between $195,000 and $205,000. In the current ELDRIDGE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. At 2.48 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. With 7 similar homes currently listed in ELDRIDGE (a buyer's market), competition is a factor to consider. The trend in 78723 shows prices have risen 0.3% in the past 6 months. 5228 Basswood LN, Austin TX 78723 nearby adjusts to $503,362; a strong comparable. 7 comparable transactions in ELDRIDGE 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