6200 Lotus LN, Austin TX 78721

Based on 6 closed sales in JOHNSTON TERRACE, the data points to a value around $296,715 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $485,000 to $503,000. This would position the home competitively among 7 active listings in JOHNSTON TERRACE. At 329 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.17 acres versus 0.21 for the typical comp. Current inventory shows 7 comparable homes in JOHNSTON TERRACE; a buyer's market based on recent absorption. Market data shows JOHNSTON TERRACE prices fallen 7.9% over the last half year. The closest comparable sale, 1040 Gardner RD, Austin TX 78721 at an adjusted $298,348, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in JOHNSTON TERRACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group