902 Herndon LN, Austin TX 78704

After reviewing 3 recent transactions in LA PERLA, I estimate this property's value at $454,577. A competitive list price for this home right now would fall in the $527,000 to $606,000 range. This pricing would rank the home as the most affordable of 3 comparable homes on the market in LA PERLA's current inventory. This home's smaller footprint (120 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 3 comparable homes in LA PERLA; a balanced market based on recent absorption. Prices in LA PERLA have fallen 21.6% over the last 6 months. A similar home at 2503 S 4th ST, Austin TX 78704 carries an adjusted comparable value of $457,856, providing a strong data point. The comp data here (3 sales in LA PERLA) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus