5804 Libyan DR, Austin TX 78745

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $399,717. I'd recommend coming to market at $290,000 to $300,000 to strike the right balance between value and market velocity. Against 5 similar active listings in OASIS, this price point lands at the 3rd most expensive of 5 comparable homes on the market. At 140 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1960, this home is 9 years older than the average comp, which is reflected in the adjustments. With 5 similar homes currently listed in OASIS (a buyer's market), competition is a factor to consider. The trend in 78745 shows prices have fallen 5.2% in the past 6 months. 6410 Middleham PL, Austin TX 78745 nearby adjusts to $302,284; with a smaller floor plan. 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