5601 Libyan, Austin TX 78745

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $396,604. I'd recommend coming to market at $301,000 to $311,000 to strike the right balance between value and market velocity. In the current OASIS market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. Built in 1960, this home is 9 years older than the average comp, which is reflected in the adjustments. The 0.23 acre lot (larger than the 0.19 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in OASIS; a buyer's market based on recent absorption. The trend in 78745 shows prices have fallen 5.2% in the past 6 months. 511 Ramble LN, Austin TX 78745 nearby adjusts to $522,564; with a smaller floor plan. With 4 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