3710 Werner Ave, Austin TX 78722

The market data from 7 similar recent sales in UNIVERSITY PARK points to a value of approximately $420,479. To sell within a reasonable timeframe at fair market value, the $185,000 to $195,000 range is where I'd position this. Against 4 similar active listings in UNIVERSITY PARK, this price point lands at the most expensive of 4 comparable homes on the market. Being 275 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1952 construction puts this home 8 years newer than the comp average, a factor in the pricing. With 4 similar homes currently listed in UNIVERSITY PARK (a balanced market), competition is a factor to consider. In UNIVERSITY PARK, home values have fallen approximately 3.7% over the past 6 months. One of the strongest data points is 3406 Lafayette Ave, Austin TX 78722, adjusting to $479,504; a strong comparable. 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