5900 Lux ST, Austin TX 78721

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $556,717. I'd recommend coming to market at $363,000 to $373,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SOL, this price point stands out as competitive. This home's smaller footprint (327 sqft vs the comp average) plays a role in how the market prices it. Built in 2010, this home is 22 years newer than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in SOL (a buyer's market), competition is a factor to consider. The trend in 78721 shows prices have fallen 7.5% in the past 6 months. 5909 Lux ST, Austin TX 78721 nearby adjusts to $505,940; with a larger floor plan. With 5 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