Reviewing the most recent comparable transactions, this home's market value falls around $440,387. For a well positioned listing in NORTH ACRES, I'd target the $465,000 to $476,000 range. Against 7 similar active listings in NORTH ACRES, this price point lands at the 3rd least expensive of 7 comparable homes on the market. At 0.38 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in NORTH ACRES, ranging from $374,900 to $585,000. Recent trends in NORTH ACRES show home values have fallen 3.2% since 6 months ago. The most comparable recent sale is 1103 Hollybluff ST, Austin TX 78753, with an adjusted value of $445,672; a strong comparable. 5 comparable transactions in NORTH ACRES support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group