2903 Richard LN, Austin TX 78703

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,818,270. To generate strong buyer interest while maximizing value, I'd price this between $2,269,000 and $2,279,000. Against 4 similar active listings in BRENTWOOD PLACE, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 1954 construction puts this home 46 years older than the comp average, a factor in the pricing. At 0.43 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in BRENTWOOD PLACE; a buyer's market based on recent absorption. The trend in 78703 shows prices have fallen 8.5% in the past 6 months. 2806 Robbs RUN, Austin TX 78703 nearby adjusts to $2,431,718; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group