3503 Hollywood Ave, Austin TX 78722

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $526,586. I'd recommend coming to market at $725,000 to $743,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in UNIVERSITY PARK. The larger floor plan (271 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1930, this home is 19 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in UNIVERSITY PARK (a balanced market), competition is a factor to consider. The trend in UNIVERSITY PARK shows prices have fallen 12.1% in the past 6 months. 3500 Lafayette Ave, Austin TX 78722 nearby adjusts to $541,710; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group