3506 Lafayette Ave, Austin TX 78722

The market data from 7 similar recent sales in UNIVERSITY PARK points to a value of approximately $583,283. To sell within a reasonable timeframe at fair market value, the $656,000 to $804,000 range is where I'd position this. With 7 comparable homes on the market in UNIVERSITY PARK, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. Being 493 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1956 construction puts this home 7 years newer than the comp average, a factor in the pricing. 7 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 23.5% over the past 6 months. One of the strongest data points is 3500 Lafayette Ave, Austin TX 78722, adjusting to $614,040; 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