1107 Lorrain ST, Austin TX 78703

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $699,456. I'd recommend coming to market at $577,000 to $587,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SHELLEY HEIGHTS, this price point stands out as competitive. Built in 1937, this home is 64 years older than the average comp, which is reflected in the adjustments. The 0.14 acre lot (larger than the 0.02 acre average) is reflected in the estimate. The active market in SHELLEY HEIGHTS includes 7 comparable homes priced from $550,000 to $1,100,000. The trend in SHELLEY HEIGHTS shows prices have risen 60.9% in the past 6 months. 1105 Maufrais ST, Austin TX 78703 nearby adjusts to $763,728; a strong comparable. Based on 7 relevant data points in SHELLEY HEIGHTS, 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