1105 Salem Park CT, Austin TX 78745

My analysis of 5 comparable properties puts this home's estimated value at $442,604. Based on how the local market is moving, a list price between $347,000 and $357,000 would position this home well. This home's position in the current SALEM CENTER OF LT B-1 market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (172 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 7 comparable homes in SALEM CENTER OF LT B-1; a buyer's market based on recent absorption. The 6 month price trend in 78745: fallen 6.7%. The best comp here is 5616 S 1st ST # 6, Austin TX 78745 at an adjusted value of $525,497, a strong comparable. With 5 comparable sales in SALEM CENTER OF LT B-1, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group