1145 Shady LN # 3, Austin TX 78721

Reviewing the most recent comparable transactions, this home's market value falls around $453,096. For a well positioned listing in 78721, I'd target the $267,000 to $277,000 range. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78721. At 105 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.28 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78721; a buyer's market based on recent absorption. Recent trends in 78721 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 5203 Star Light TER # 2, Austin TX 78721, with an adjusted value of $538,237; a strong comparable. The 5 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