38 Salina ST, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $600,515. For a well positioned listing in TOWNE LAKE, I'd target the $483,000 to $493,000 range. Against 6 similar active listings in TOWNE LAKE, this price point lands at the 2nd most expensive of 6 comparable homes on the market. At 538 sqft smaller than the typical comp, the size difference factors into the valuation. The 2017 construction puts this home 14 years newer than the comp average, a factor in the pricing. With 6 similar homes currently listed in TOWNE LAKE (a buyer's market), competition is a factor to consider. Recent trends in 78702 show home values have fallen 6.7% since 6 months ago. The most comparable recent sale is 87 Chalmers Ave, Austin TX 78702, with an adjusted value of $595,479; 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