607 Academy DR, Austin TX 78704

My analysis of 3 comparable properties puts this home's estimated value at $836,021. Based on how the local market is moving, a list price between $336,000 and $346,000 would position this home well. Buyers shopping in WOODLAWN right now would see this as a well positioned option among 7 comparable homes. At 7 years older than typical comps, the 1930 build date influences the valuation. The larger lot (0.23 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 7 comparable homes in WOODLAWN; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 516 Lockhart DR, Austin TX 78704 at an adjusted value of $817,448, with a smaller floor plan. With 3 comparable sales in WOODLAWN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group