5112 Lancaster CT, Austin TX 78723

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $421,977. To generate strong buyer interest while maximizing value, I'd price this between $349,000 and $359,000. With 7 comparable homes on the market in 78723, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The smaller floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1944 construction puts this home 10 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78723 (a balanced market), competition is a factor to consider. The trend in 78723 shows prices have risen 1% in the past 6 months. 1410 Corona DR, Austin TX 78723 nearby adjusts to $453,828; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group