5109 Lott Ave # B, Austin TX 78721

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $652,458. I'd recommend coming to market at $495,000 to $505,000 to strike the right balance between value and market velocity. Against 6 similar active listings in MASONFIELD, this price point lands at the most expensive of 6 comparable homes on the market. The 0.24 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in MASONFIELD; a buyer's market based on recent absorption. The trend in 78721 shows prices have fallen 5.5% in the past 6 months. 5202 Rob Scott ST, Austin TX 78721 nearby adjusts to $592,326; a strong comparable. Based on 5 relevant data points in MASONFIELD, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX