5200 Downs DR, Austin TX 78721

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $552,073. I'd recommend coming to market at $465,000 to $475,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in TRUMAN HEIGHTS, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 0.00 acre lot (smaller than the 0.11 acre average) is reflected in the estimate. With 7 similar homes currently listed in TRUMAN HEIGHTS (a buyer's market), competition is a factor to consider. The trend in TRUMAN HEIGHTS shows prices have fallen 52.9% in the past 6 months. 1604 Perez ST # A, Austin TX 78721 nearby adjusts to $657,271; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group