2209 Cypress PT E, Austin TX 78746

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,746,214. I'd recommend coming to market at $1,500,000 to $1,510,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in LOST CREEK, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (648 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1976, this home is 5 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in LOST CREEK (a seller's market), competition is a factor to consider. The trend in LOST CREEK shows prices have risen 0.7% in the past 6 months. 2103 Doral DR, Austin TX 78746 nearby adjusts to $2,049,117; with a smaller floor plan. Based on 4 relevant data points in LOST CREEK, 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