3008 Glen Rae ST, Austin TX 78702

My analysis of 7 comparable properties puts this home's estimated value at $592,555. Based on how the local market is moving, a list price between $513,000 and $523,000 would position this home well. This would position the home competitively among 3 active listings in LORRAINE HEIGHTS. This home's smaller footprint (101 sqft vs the comp average) plays a role in how the market prices it. At 82 years older than typical comps, the 1922 build date influences the valuation. With 3 similar homes currently listed in LORRAINE HEIGHTS (a buyer's market), competition is a factor to consider. The 6 month price trend in 78702: risen 1.5%. The best comp here is 1122 Tillery ST, Austin TX 78702 at an adjusted value of $735,388, a strong comparable. With 7 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