5008 WEST PARK DR, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $390,411. To generate strong buyer interest while maximizing value, I'd price this between $203,000 and $213,000. With 7 comparable homes on the market in 78731, this price positions the property as the most expensive of 7 comparable homes on the market. The 1951 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.13 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78731 (a balanced market), competition is a factor to consider. The trend in 78731 shows prices have risen 7.4% in the past 6 months. 1903 40th ST, Austin TX 78731 nearby adjusts to $557,184; a strong comparable. 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