3106 LAFAYETTE Ave, Austin TX 78722

Based on 6 closed sales in LAFAYETTE HEIGHTS, the data points to a value around $844,453 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $733,000 to $743,000. This would position the home competitively among 7 active listings in LAFAYETTE HEIGHTS. The 271 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1939 (8 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in LAFAYETTE HEIGHTS; a buyer's market based on recent absorption. Market data shows 78722 prices fallen 11.5% over the last half year. The closest comparable sale, 1704 E 38th ST, Austin TX 78722 at an adjusted $999,899, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in LAFAYETTE 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