701 Nelray BLVD # 15, Austin TX 78751

The estimated value of this property is $482,798, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $212,000 and $222,000. In the current 78751 market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. This home's smaller footprint (850 sqft vs the comp average) plays a role in how the market prices it. The 0.00 acre lot (smaller than the 0.11 acre average) is reflected in the estimate. 4 similar homes are currently available in 78751, creating a buyer's market for this price range. Recent trends in 78751 show home values have risen 1.3% since 6 months ago. The most comparable recent sale is 40 N Interstate 35 Highway, Austin TX 78701, with an adjusted value of $401,500; with a larger floor plan. With 3 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