1107 1/2 Fiesta ST # B, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $424,360. I'd recommend coming to market at $524,000 to $563,000 to strike the right balance between value and market velocity. In the current GLENMAR market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. At 162 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.09 acre lot (larger than the 0.05 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in GLENMAR, listed between $469,000 and $850,000. The trend in 78702 shows prices have fallen 4.7% in the past 6 months. 1174 Bedford ST # 2, Austin TX 78702 nearby adjusts to $522,727; a strong comparable. Based on 3 relevant data points in GLENMAR, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX