7607 Melville CV, Austin TX 78749

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $505,807. I'd recommend coming to market at $412,000 to $422,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78749, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 0.31 acre lot (larger than the 0.24 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78749; a balanced market based on recent absorption. The trend in 78749 shows prices have risen 2.5% in the past 6 months. 7104 Greenock ST, Austin TX 78749 nearby adjusts to $804,837; a strong comparable. With 5 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