38 Salina ST, Austin TX 78702

The market data from 7 similar recent sales in TOWNE LAKE points to a value of approximately $609,870. To sell within a reasonable timeframe at fair market value, the $483,000 to $493,000 range is where I'd position this. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in TOWNE LAKE. Being 496 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 2017 construction puts this home 14 years newer than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in TOWNE LAKE; a buyer's market based on recent absorption. In 78702, home values have risen approximately 1.1% over the past 6 months. One of the strongest data points is 87 Chalmers Ave, Austin TX 78702, adjusting to $595,505; a strong comparable. 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