1112 E 3rd ST, Austin TX 78702

The market data from 7 similar recent sales in DIVISION points to a value of approximately $641,034. To sell within a reasonable timeframe at fair market value, the $501,000 to $511,000 range is where I'd position this. In the current DIVISION market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (236 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1950 construction puts this home 20 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in DIVISION, listed between $475,000 and $2,100,000. In DIVISION, home values have risen approximately 1% over the past 6 months. One of the strongest data points is 2312 Canterbury St #A, Austin TX 78702, adjusting to $717,248; 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