The market data from 3 similar recent sales in UNIVERSITY PARK points to a value of approximately $568,951. To sell within a reasonable timeframe at fair market value, the $434,000 to $444,000 range is where I'd position this. Against 6 similar active listings in UNIVERSITY PARK, this price point lands at the 3rd least expensive of 6 comparable homes on the market. Buyers in UNIVERSITY PARK have 6 comparable options right now, with asking prices between $475,000 and $749,000. In UNIVERSITY PARK, home values have fallen approximately 41% over the past 6 months. One of the strongest data points is 3712 Werner Ave, Austin TX 78722, adjusting to $707,380; with a larger floor plan. The 3 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
