5805 Coventry LN, Austin TX 78723

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $382,353. I'd recommend coming to market at $219,000 to $229,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in LYNCH & TERRELL. At 120 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.12 acre lot (smaller than the 0.15 acre average) is reflected in the estimate. The active market in LYNCH & TERRELL includes 7 comparable homes priced from $205,000 to $700,000. The trend in 78723 shows prices have fallen 0.9% in the past 6 months. 5114 Waterbrook DR, Austin TX 78723 nearby adjusts to $276,227; a strong comparable. Based on 7 relevant data points in LYNCH & TERRELL, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX