1014 Reagan TER, Austin TX 78704

The estimated value of this property is $920,013, based on 4 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $705,000 and $715,000. With 4 comparable homes on the market in TRAVIS HEIGHTS, this price positions the property as the most expensive of 4 comparable homes on the market. Built in 1954, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 0.19 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in TRAVIS HEIGHTS; a buyer's market based on recent absorption. Recent trends in TRAVIS HEIGHTS show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1112 Mission RDG, Austin TX 78704, with an adjusted value of $764,076; a strong comparable. With 4 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