907 Nile ST, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $584,031. I'd recommend coming to market at $680,000 to $687,000 to strike the right balance between value and market velocity. In the current ROSEWOOD market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. The larger floor plan (188 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1977, this home is 26 years older than the average comp, which is reflected in the adjustments. The active market in ROSEWOOD includes 7 comparable homes priced from $599,000 to $895,000. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 915 Walter ST, Austin TX 78702 nearby adjusts to $674,734; with a smaller floor plan. Based on 7 relevant data points in ROSEWOOD, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX