7206 Gunnison PASS, Austin TX 78724

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $264,810. I'd recommend coming to market at $388,000 to $394,000 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. Built in 2006, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.20 acre lot (larger than the 0.13 acre average) is reflected in the estimate. With 7 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 2.8% in the past 6 months. 5300 Edenbourgh LN, Austin TX 78754 nearby adjusts to $182,657; a strong comparable. With 4 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