6211 Manor RD # 119, Austin TX 78723

The market data from 7 similar recent sales in ELDRIDGE points to a value of approximately $475,714. To sell within a reasonable timeframe at fair market value, the $310,000 to $320,000 range is where I'd position this. With 7 comparable homes on the market in ELDRIDGE, this price positions the property as 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. 7 similar homes are currently available in ELDRIDGE, creating a buyer's market for this price range. In 78723, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 5228 Basswood LN, Austin TX 78723, adjusting to $503,605; a strong comparable. 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