2305 E CYPRESS PT, Austin TX 78746

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,013,718. I'd recommend coming to market at $1,059,000 to $1,332,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in LOST CREEK. Being 226 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.53 acre lot (larger than the 0.46 acre average) is reflected in the estimate. With 3 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. 6200 Turtle Point DR, Austin TX 78746 nearby adjusts to $1,057,250; a strong comparable. Based on 3 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