1106 Marcy ST # B, Austin TX 78745

The market data from 3 similar recent sales in BANISTER ACRES points to a value of approximately $553,921. To sell within a reasonable timeframe at fair market value, the $456,000 to $466,000 range is where I'd position this. Against 7 similar active listings in BANISTER ACRES, this price point lands at the 3rd most expensive of 7 comparable homes on the market. Being 170 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2015 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in BANISTER ACRES; a buyer's market based on recent absorption. In 78745, home values have fallen approximately 5.2% over the past 6 months. One of the strongest data points is 4405 Jinx Ave # 2, Austin TX 78745, adjusting to $595,209; with a larger floor plan. 3 comparable transactions in BANISTER 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