8903 Shepard DR, Austin TX 78753

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $276,815. I'd recommend coming to market at $188,000 to $198,000 to strike the right balance between value and market velocity. In the current NORTH LAMAR PARK market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The smaller floor plan (275 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.17 acre lot (smaller than the 0.21 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in NORTH LAMAR PARK; a buyer's market based on recent absorption. The trend in 78753 shows prices have fallen 0.2% in the past 6 months. 502 Oakley CT, Austin TX 78753 nearby adjusts to $262,521; a strong comparable. 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