5312 Downs DR # 2, Austin TX 78721

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $424,935. I'd recommend coming to market at $324,000 to $334,000 to strike the right balance between value and market velocity. Against 7 similar active listings in TRUMAN HEIGHTS, this price point lands at the 3rd most expensive of 7 comparable homes on the market. At 669 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2019, this home is 22 years newer than the average comp, which is reflected in the adjustments. Buyers in TRUMAN HEIGHTS have 7 comparable options right now, with asking prices between $300,000 and $515,000. The trend in TRUMAN HEIGHTS shows prices have fallen 52.9% in the past 6 months. 5006 Lott Ave # 2, Austin TX 78721 nearby adjusts to $445,988; 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