1507 Lawrence ST, Austin TX 78741

Based on 7 closed sales in PARK PLACE RIVERSIDE, the data points to a value around $444,086 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $475,000 to $488,000. This home's position in the current PARK PLACE RIVERSIDE market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. Lot size matters here: 0.10 acres versus 0.13 for the typical comp. 5 similar homes are currently available in PARK PLACE RIVERSIDE, creating a buyer's market for this price range. Market data shows 78741 prices fallen 12.7% over the last half year. The closest comparable sale, 6800 Idea RD, Austin TX 78741 at an adjusted $532,950, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in PARK PLACE RIVERSIDE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group