5114 Lansing DR, Austin TX 78745

My analysis of 7 comparable properties puts this home's estimated value at $330,994. Based on how the local market is moving, a list price between $502,000 and $517,000 would position this home well. Relative to what's currently available in EMERALD FOREST, this home would be the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (188 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.15 acres versus the area average of 0.19) contributes to the valuation. There are currently 7 similar homes on the market in EMERALD FOREST, ranging from $265,000 to $615,000. The 6 month price trend in EMERALD FOREST: fallen 48.5%. The best comp here is 4816 Aberdeen DR, Austin TX 78745 at an adjusted value of $273,742, a strong comparable. With 7 comparable sales in EMERALD FOREST, 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