405 Academy DR, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,144,107. I'd recommend coming to market at $567,000 to $577,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in FAIRVIEW PARK. Built in 2007, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.68 acre lot (larger than the 0.13 acre average) is reflected in the estimate. With 7 similar homes currently listed in FAIRVIEW PARK (a balanced market), competition is a factor to consider. The trend in FAIRVIEW PARK shows prices have fallen 53% in the past 6 months. 2105 Brackenridge ST, Austin TX 78704 nearby adjusts to $966,783; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group