The estimated value of this property is $613,551, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $661,000 and $738,000. With 5 comparable homes on the market in LINCOLN GARDENS, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. At 126 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.17 acre lot (larger than the 0.12 acre average) is reflected in the estimate. With 5 similar homes currently listed in LINCOLN GARDENS (a balanced market), competition is a factor to consider. Recent trends in LINCOLN GARDENS show home values have fallen 42.4% since 6 months ago. The most comparable recent sale is 1609 Greenwood Ave # A, Austin TX 78721, with an adjusted value of $660,544; a strong comparable. With 6 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
