3401 Werner Ave # 1, Austin TX 78722

Reviewing the most recent comparable transactions, this home's market value falls around $760,229. For a well positioned listing in UNIVERSITY PARK, I'd target the $490,000 to $500,000 range. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in UNIVERSITY PARK. At 353 sqft larger than the typical comp, the size difference factors into the valuation. With 7 similar homes currently listed in UNIVERSITY PARK (a buyer's market), competition is a factor to consider. Recent trends in UNIVERSITY PARK show home values have fallen 38.2% since 6 months ago. The most comparable recent sale is 3506 Lafayette Ave, Austin TX 78722, with an adjusted value of $800,912; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group