1107 Payne Ave, Austin TX 78757

Reviewing the most recent comparable transactions, this home's market value falls around $743,261. For a well positioned listing in RESERVOIR HEIGHTS, I'd target the $570,000 to $580,000 range. Among the similar homes currently available in RESERVOIR HEIGHTS, this price point stands out as competitive. At 0.33 acres, the lot is larger than the 0.19 acre comp average, which factors into pricing. With 3 similar homes currently listed in RESERVOIR HEIGHTS (a balanced market), competition is a factor to consider. Recent trends in 78757 show home values have fallen 1.7% since 6 months ago. The most comparable recent sale is 1109 Arcadia Ave, Austin TX 78757, with an adjusted value of $667,263; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group