1005 Stobaugh ST, Austin TX 78757

Based on 7 closed sales in 78757, the data points to a value around $661,852 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $478,000 to $488,000. Relative to what's currently available in 78757, this home would be the 3rd most expensive of 7 comparable homes on the market. Being built in 1930 (33 years older than comps) is factored into the value estimate. Lot size matters here: 0.58 acres versus 0.16 for the typical comp. Current inventory shows 7 comparable homes in 78757; a buyer's market based on recent absorption. Market data shows 78757 prices risen 14% over the last half year. The closest comparable sale, 1208 Piedmont Ave, Austin TX 78757 at an adjusted $842,310, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78757. 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