1902 Esplanade CIR, Austin TX 78727

The market data from 7 similar recent sales in LAMPLIGHT points to a value of approximately $347,744. To sell within a reasonable timeframe at fair market value, the $388,000 to $402,000 range is where I'd position this. With 5 comparable homes on the market in LAMPLIGHT, this price positions the property as the most affordable of 5 comparable homes on the market. At 0.24 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in LAMPLIGHT; a buyer's market based on recent absorption. In LAMPLIGHT, home values have risen approximately 6.3% over the past 6 months. One of the strongest data points is 13101 Dauphine ST, Austin TX 78727, adjusting to $381,405; a strong comparable. 7 comparable transactions in LAMPLIGHT 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