514 Academy DR, Austin TX 78704

Based on 6 closed sales in WOODLAWN, the data points to a value around $832,400 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $291,000 to $301,000. Relative to what's currently available in WOODLAWN, this home would be the 2nd most expensive of 7 comparable homes on the market. Being built in 1931 (5 years older than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in WOODLAWN, listed between $299,999 and $895,000. Market data shows 78704 prices fallen 0.7% over the last half year. The closest comparable sale, 516 Lockhart DR, Austin TX 78704 at an adjusted $767,772, is with a smaller floor plan. The strength of this estimate comes from 6 directly comparable sales in WOODLAWN. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group