7101 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 $376,396. I'd recommend coming to market at $280,000 to $290,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in LAS CIMAS, this price positions the property as the most expensive of 5 comparable homes on the market. The 0.25 acre lot (larger than the 0.21 acre average) is reflected in the estimate. With 5 similar homes currently listed in LAS CIMAS (a buyer's market), competition is a factor to consider. The trend in 78724 shows prices have risen 6.5% in the past 6 months. 7213 Inspiration DR, Austin TX 78724 nearby adjusts to $440,716; with a smaller floor plan. Based on 4 relevant data points in LAS CIMAS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX