1002 Lund ST, Austin TX 78704

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,019,053. I'd recommend coming to market at $1,228,000 to $1,267,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78704, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Being 221 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.26 acre lot (larger than the 0.20 acre average) is reflected in the estimate. With 7 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 2410 Thornton RD, Austin TX 78704 nearby adjusts to $1,228,049; with a larger floor plan. With 4 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