1006 Lott Ave, Austin TX 78721

This home was listed at $385,000 and was on the market for 135 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $368,189. Here are some factors that may have played a role: After 135 days on market, buyer interest typically drops, and listings can become "stale" in buyer perception. At the time, there appear to have been 1 similar homes available at lower price points, which may have given buyers other options. Built in 1960, this home may have faced competition from newer construction in the area priced similarly. The smaller floor plan (219 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 3 of 3 comparable sales didn't include one. The 3 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