2909 Glen Rae ST # A, Austin TX 78702

After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $858,119. Pricing this home between $701,000 and $711,000 would put it in the competitive sweet spot for LORRAINE HEIGHTS. This pricing would rank the home as the most expensive of 4 comparable homes on the market in LORRAINE HEIGHTS's current inventory. The larger floor plan (260 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.23 acres versus the area average of 0.19) contributes to the valuation. 4 similar homes are currently available in LORRAINE HEIGHTS, creating a buyer's market for this price range. Market data shows 78702 prices fallen 4.7% over the last half year. The closest comparable sale, 1168 1/2 Ridgeway DR # 1, Austin TX 78702 at an adjusted $919,724, is a strong comparable. With 3 comparable sales in LORRAINE HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group