7116 Derby Downs DR, Austin TX 78747

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $288,598. To generate strong buyer interest while maximizing value, I'd price this between $299,000 and $300,000. At this price, the property would be the most affordable of 4 comparable homes on the market comparable homes currently on the market in SHELDON. Being 307 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.10 acres, the lot is smaller than the 0.14 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in SHELDON; a buyer's market based on recent absorption. The trend in SHELDON shows prices have fallen 0.4% in the past 6 months. 8613 Ipswich Bay DR, Austin TX 78747 nearby adjusts to $283,933; with a larger floor plan. 3 comparable transactions in SHELDON 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