1904 Larchmont DR, Austin TX 78704

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $687,876. I'd recommend coming to market at $530,000 to $540,000 to strike the right balance between value and market velocity. Against 7 similar active listings in LARCHMONT PLACE, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Built in 1978, this home is 9 years older than the average comp, which is reflected in the adjustments. The 0.17 acre lot (larger than the 0.08 acre average) is reflected in the estimate. The active market in LARCHMONT PLACE includes 7 comparable homes priced from $515,000 to $899,000. The trend in 78704 shows prices have fallen 5.3% in the past 6 months. 1703 Waterloo TRL # B, Austin TX 78704 nearby adjusts to $494,888; a strong comparable. Based on 7 relevant data points in LARCHMONT PLACE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX