7011 Millrace DR, Austin TX 78724

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $397,626. I'd recommend coming to market at $509,000 to $540,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in LAS CIMAS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 307 sqft size difference versus comparable sales is reflected in the adjusted values. 7 similar homes are currently available in LAS CIMAS, creating a buyer's market for this price range. The trend in 78724 shows prices have risen 2.9% in the past 6 months. 5702 Purple Sage DR, Austin TX 78724 nearby adjusts to $340,351; 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