9014 El Rey BLVD, Austin TX 78737

The market data from 5 similar recent sales in GRANADA ESTATES points to a value of approximately $804,240. To sell within a reasonable timeframe at fair market value, the $685,000 to $695,000 range is where I'd position this. In the current GRANADA ESTATES market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. At 1.21 acres, the lot is larger than the 1.09 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in GRANADA ESTATES; a balanced market based on recent absorption. In 78737, home values have fallen approximately 2.9% over the past 6 months. One of the strongest data points is 9305 W View RD, Austin TX 78737, adjusting to $848,101; with a larger floor plan and a pool. The 5 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