5500 Mars LN, Austin TX 78724

The market data from 3 similar recent sales in EAST PARKE points to a value of approximately $504,824. To sell within a reasonable timeframe at fair market value, the $527,000 to $535,000 range is where I'd position this. In the current EAST PARKE market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. At 229 sqft larger than the typical comp, the size difference factors into the valuation. The 2023 construction puts this home 5 years newer than the comp average, a factor in the pricing. The active market in EAST PARKE includes 4 comparable homes priced from $459,900 to $535,000. In EAST PARKE, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 6808 Ellsworth WALK, Austin TX 78724, adjusting to $524,908; with a smaller floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group