16514 Lounsbury PL, Austin TX 78717

The market data from 7 similar recent sales in 78717 points to a value of approximately $535,906. To sell within a reasonable timeframe at fair market value, the $582,000 to $619,000 range is where I'd position this. With 7 comparable homes on the market in 78717, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.21 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78717 (a balanced market), competition is a factor to consider. In 78717, home values have fallen approximately 5.3% over the past 6 months. One of the strongest data points is 6059 Almelo DR, Round Rock TX 78681, adjusting to $506,766; a strong comparable. 7 comparable transactions in 78717 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