2301 Lawnmont Ave # 7, Austin TX 78756

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $256,347. I'd recommend coming to market at $251,000 to $261,000 to strike the right balance between value and market velocity. In the current HERITAGE SQUARE CONDO market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. Being 120 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1982, this home is 12 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in HERITAGE SQUARE CONDO; a buyer's market based on recent absorption. The trend in 78756 shows prices have fallen 0.8% in the past 6 months. 7801 Shoal Creek BLVD # 139, Austin TX 78757 nearby adjusts to $216,289; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group