3004 Glen Rae ST, Austin TX 78702

Based on 7 closed sales in LORRAINE HEIGHTS, the data points to a value around $352,217 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $159,000 to $169,000. Relative to what's currently available in LORRAINE HEIGHTS, this home would be the most expensive of 6 comparable homes on the market. At 351 sqft smaller than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.26 acres versus 0.02 for the typical comp. There are currently 6 similar homes on the market in LORRAINE HEIGHTS, ranging from $180,000 to $425,000. Market data shows 78702 prices fallen 3.1% over the last half year. The closest comparable sale, 2220 Webberville RD # 201, Austin TX 78702 at an adjusted $262,900, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in LORRAINE HEIGHTS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group