5106 Lyman PL, Austin TX 78756

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $694,048. I'd recommend coming to market at $431,000 to $441,000 to strike the right balance between value and market velocity. Among the similar homes currently available in GEORGIAN TERRACE, this price point stands out as competitive. The smaller floor plan (152 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1925, this home is 31 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in GEORGIAN TERRACE (a balanced market), competition is a factor to consider. The trend in 78756 shows prices have fallen 20.5% in the past 6 months. 1913 W 40th ST, Austin TX 78731 nearby adjusts to $528,783; 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