8505 El Rey BLVD, Austin TX 78737

Reviewing the most recent comparable transactions, this home's market value falls around $637,441. For a well positioned listing in 78737, I'd target the $553,000 to $563,000 range. In the current 78737 market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The 1972 construction puts this home 25 years older than the comp average, a factor in the pricing. At 0.76 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78737, listed between $525,000 and $769,000. Recent trends in 78737 show home values have fallen 1.3% since 6 months ago. The most comparable recent sale is 6411 CLAIRMONT DR, Austin TX 78749, with an adjusted value of $635,330; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group