12705 Cedar ST, Austin TX 78732

The market data from 7 similar recent sales in HUGHES PARK LAKE points to a value of approximately $853,237. To sell within a reasonable timeframe at fair market value, the $942,000 to $968,000 range is where I'd position this. With 4 comparable homes on the market in HUGHES PARK LAKE, this price positions the property as the most affordable of 4 comparable homes on the market. At 167 sqft larger than the typical comp, the size difference factors into the valuation. At 0.41 acres, the lot is larger than the 0.37 acre comp average, which factors into pricing. 4 similar homes are currently available in HUGHES PARK LAKE, creating a buyer's market for this price range. In 78732, home values have risen approximately 0% over the past 6 months. One of the strongest data points is 12505 Stapp CT, Austin TX 78732, adjusting to $828,952; a strong comparable. 7 comparable transactions in HUGHES PARK LAKE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group