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 $231,181. I'd recommend coming to market at $191,000 to $201,000 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 most expensive of 3 comparable homes on the market. Being 153 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1982, this home is 8 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in HERITAGE SQUARE CONDO; a balanced market based on recent absorption. The trend in 78756 shows prices have fallen 9.1% in the past 6 months. 7801 Shoal Creek Blvd BLVD # 137, Austin TX 78757 nearby adjusts to $227,673; with a smaller floor plan. With 3 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