504 Normandy ST # B, Austin TX 78745

The market data from 4 similar recent sales in PLACIDENA points to a value of approximately $458,486. To sell within a reasonable timeframe at fair market value, the $246,000 to $256,000 range is where I'd position this. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in PLACIDENA. At 189 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.14 acres, the lot is larger than the 0.09 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in PLACIDENA, listed between $240,000 and $544,500. In 78745, home values have risen approximately 1.3% over the past 6 months. One of the strongest data points is 4614 Englewood DR # 2, Austin TX 78745, adjusting to $460,929; with a larger floor plan. 4 comparable transactions in PLACIDENA support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group