3506 Lafayette Ave, Austin TX 78722

The market data from 7 similar recent sales in UNIVERSITY PARK points to a value of approximately $599,384. To sell within a reasonable timeframe at fair market value, the $515,000 to $525,000 range is where I'd position this. With 5 comparable homes on the market in UNIVERSITY PARK, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. Being 389 sqft larger than the average comparable sale in this area impacts the per square foot value. 5 similar homes are currently available in UNIVERSITY PARK, creating a balanced market for this price range. In UNIVERSITY PARK, home values have fallen approximately 37.1% over the past 6 months. One of the strongest data points is 3500 Lafayette Ave, Austin TX 78722, adjusting to $614,530; with a smaller floor plan. The 7 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