3007 Glen Rae ST, Austin TX 78702

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $419,886. Pricing this home between $352,000 and $362,000 would put it in the competitive sweet spot for LORRAINE HEIGHTS. Relative to what's currently available in LORRAINE HEIGHTS, this home would be the most expensive of 3 comparable homes on the market. This home's smaller footprint (501 sqft vs the comp average) plays a role in how the market prices it. At 32 years older than typical comps, the 1960 build date influences the valuation. 3 similar homes are currently available in LORRAINE HEIGHTS, creating a buyer's market for this price range. Market data shows 78702 prices fallen 2.2% over the last half year. The closest comparable sale, 1181 Ridgeway DR, Austin TX 78702 at an adjusted $435,483, is with a larger floor plan. The comp data here (7 sales in LORRAINE HEIGHTS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus