505 South Park DR, Austin TX 78704

The estimated value of this property is $532,319, based on 5 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $623,000 and $665,000. With 6 comparable homes on the market in SOUTH PARK, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. The 0.26 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in SOUTH PARK; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 1.2% since 6 months ago. The most comparable recent sale is 2520 S 6TH ST S, Austin TX 78704, with an adjusted value of $462,540; a strong comparable. With 5 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