3414 Werner Ave, Austin TX 78722

The market data from 7 similar recent sales in UNIVERSITY PARK points to a value of approximately $608,136. To sell within a reasonable timeframe at fair market value, the $792,000 to $838,000 range is where I'd position this. With 7 comparable homes on the market in UNIVERSITY PARK, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (554 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 9 years older than the comp average, a factor in the pricing. Buyers in UNIVERSITY PARK have 7 comparable options right now, with asking prices between $525,000 and $1,150,000. In UNIVERSITY PARK, home values have fallen approximately 6.2% over the past 6 months. One of the strongest data points is 3506 Lafayette Ave, Austin TX 78722, adjusting to $698,698; with a smaller floor plan. 7 comparable transactions in UNIVERSITY PARK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group