2006 Prather LN, Austin TX 78704

Based on 7 closed sales in SOUTH LAMAR, the data points to a value around $457,642 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $564,000 to $582,000. Buyers shopping in SOUTH LAMAR right now would see this as a well positioned option among 3 comparable homes. Being built in 1945 (11 years older than comps) is factored into the value estimate. Lot size matters here: 0.30 acres versus 0.24 for the typical comp. With 3 similar homes currently listed in SOUTH LAMAR (a buyer's market), competition is a factor to consider. Market data shows 78704 prices fallen 0.6% over the last half year. The closest comparable sale, 4722 Frontier TRL, Austin TX 78745 at an adjusted $356,104, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus