1102 Payne Ave, Austin TX 78757

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $985,076. To generate strong buyer interest while maximizing value, I'd price this between $956,000 and $1,015,000. In the current 78757 market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The larger floor plan (506 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1963 construction puts this home 6 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in 78757; a buyer's market based on recent absorption. The trend in 78757 shows prices have risen 14% in the past 6 months. 7311 Grover Ave, Austin TX 78757 nearby adjusts to $967,459; with a smaller floor plan. 5 comparable transactions in 78757 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