2205 N Lamar BLVD # 311, Austin TX 78705

This home was listed at $450,000 and was on the market for 22 days before being withdrawn. Based on comparable sales, the market data suggests a value closer to $345,261. Here are some factors that may have played a role: At $423/sqft, the asking price appears to have been significantly above the neighborhood average of $324/sqft. That gap that can deter buyer interest. At $423/sqft, the asking price was 30% above the area median, though there may have been upgrades or features not captured in the data. Built in 2007, this home may have faced competition from newer construction in the area priced similarly. Being 227 sqft larger than the average comparable sale in this area impacts the per square foot value. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group