1100 Newport Ave, Austin TX 78753

The market data from 4 similar recent sales in NORTH ACRES points to a value of approximately $414,220. To sell within a reasonable timeframe at fair market value, the $449,000 to $485,000 range is where I'd position this. In the current NORTH ACRES market with 5 similar homes available, this price represents the 2nd least expensive of 5 comparable homes on the market. The larger floor plan (209 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.35 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. 5 similar homes are currently available in NORTH ACRES, creating a buyer's market for this price range. In 78753, home values have fallen approximately 2.4% over the past 6 months. One of the strongest data points is 1005 Salem LN, Austin TX 78753, adjusting to $449,016; a strong comparable. 4 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