2906 Glen Rae ST, Austin TX 78702

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $473,339. To generate strong buyer interest while maximizing value, I'd price this between $303,000 and $313,000. Against 6 similar active listings in LORRAINE HEIGHTS, this price point lands at the 3rd least expensive of 6 comparable homes on the market. The 139 sqft size difference versus comparable sales is reflected in the adjusted values. The 1955 construction puts this home 41 years older than the comp average, a factor in the pricing. With 6 similar homes currently listed in LORRAINE HEIGHTS (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have risen 0.4% in the past 6 months. 1181 Ridgeway DR, Austin TX 78702 nearby adjusts to $478,327; a strong comparable. 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