3506 Lafayette Ave, Austin TX 78722

The market data from 7 similar recent sales in UNIVERSITY PARK points to a value of approximately $579,803. To sell within a reasonable timeframe at fair market value, the $568,000 to $591,000 range is where I'd position this. With 3 comparable homes on the market in UNIVERSITY PARK, this price positions the property as the most affordable of 3 comparable homes on the market. Being 517 sqft larger than the average comparable sale in this area impacts the per square foot value. 3 similar homes are currently available in UNIVERSITY PARK, creating a buyer's market for this price range. In UNIVERSITY PARK, home values have fallen approximately 24.4% over the past 6 months. One of the strongest data points is 3712 Werner Ave, Austin TX 78722, adjusting to $813,344; 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