2505 Lou John ST, Austin TX 78727

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $500,442. I'd recommend coming to market at $485,000 to $515,000 to strike the right balance between value and market velocity. With 1 comparable homes on the market in WOODS CENTURY PARK, this price positions the property as below the only comparable home currently on the market. At 1,356 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2004, this home is 6 years newer than the average comp, which is reflected in the adjustments. Buyers in WOODS CENTURY PARK have 1 comparable options right now, with asking prices between $525,000 and $525,000. The trend in 78727 shows prices have fallen 8.7% in the past 6 months. 14921 Doria DR, Austin TX 78728 nearby adjusts to $600,950; with a smaller floor plan. With 7 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