2904 Lafayette Ave, Austin TX 78722

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $621,278. I'd recommend coming to market at $440,000 to $450,000 to strike the right balance between value and market velocity. Against 7 similar active listings in NOWLIN HEIGHTS, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (102 sqft vs the comp average) plays a role in how the market prices it. Built in 1938, this home is 7 years older than the average comp, which is reflected in the adjustments. The active market in NOWLIN HEIGHTS includes 7 comparable homes priced from $475,000 to $749,000. The trend in 78722 shows prices have risen 6.8% in the past 6 months. 2906 French PL, Austin TX 78722 nearby adjusts to $695,812; a strong comparable. 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