The estimated value of this property is $637,564, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $483,000 and $493,000. With 4 comparable homes on the market in LINCOLN GARDENS, this price positions the property as the most expensive of 4 comparable homes on the market. Built in 2021, this home is 6 years newer than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in LINCOLN GARDENS (a buyer's market), competition is a factor to consider. Recent trends in LINCOLN GARDENS show home values have fallen 15.9% since 6 months ago. The most comparable recent sale is 1609 Greenwood Ave # A, Austin TX 78721, with an adjusted value of $660,651; 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
