5115 Lancaster CT, Austin TX 78723

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $408,038. I'd recommend coming to market at $421,000 to $452,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in RIDGETOP GARDENS, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. This home's smaller footprint (103 sqft vs the comp average) plays a role in how the market prices it. Built in 1946, this home is 8 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in RIDGETOP GARDENS (a buyer's market), competition is a factor to consider. The trend in 78723 shows prices have risen 1.5% in the past 6 months. 1410 Corona DR, Austin TX 78723 nearby adjusts to $455,283; a strong comparable. Based on 3 relevant data points in RIDGETOP GARDENS, 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