509 S Park DR, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $535,755. Based on how the local market is moving, a list price between $609,000 and $620,000 would position this home well. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in SOUTH PARK's current inventory. The larger lot (0.25 acres versus the area average of 0.17) contributes to the valuation. Right now, 5 similar properties are competing for buyers in SOUTH PARK, listed between $515,777 and $755,000. The 6 month price trend in 78704: fallen 2.3%. The best comp here is 3202 Locke LN, Austin TX 78704 at an adjusted value of $608,993, a strong comparable. With 7 comparable sales in SOUTH PARK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group