8604 EL REY BLVD, Austin TX 78737

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $516,414. I'd recommend coming to market at $595,000 to $602,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in 78737. Built in 1973, this home is 26 years older than the average comp, which is reflected in the adjustments. The 0.00 acre lot (smaller than the 0.19 acre average) is reflected in the estimate. The active market in 78737 includes 7 comparable homes priced from $585,000 to $679,000. The trend in 78737 shows prices have fallen 5.6% in the past 6 months. 8909 Lomita Verde CT, Austin TX 78749 nearby adjusts to $492,906; a strong comparable. With 7 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