1112 S 5th ST, Austin TX 78704

The market data from 4 similar recent sales in SOUTH HEIGHTS points to a value of approximately $744,035. To sell within a reasonable timeframe at fair market value, the $791,000 to $792,000 range is where I'd position this. With 3 comparable homes on the market in SOUTH HEIGHTS, this price positions the property as the most affordable of 3 comparable homes on the market. The smaller floor plan (123 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1946 construction puts this home 7 years newer than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in SOUTH HEIGHTS, listed between $725,000 and $999,000. In SOUTH HEIGHTS, home values have risen approximately 11% over the past 6 months. One of the strongest data points is 1713 SOUTH 5TH ST, Austin TX 78704, adjusting to $774,760; a strong comparable. 4 comparable transactions in SOUTH HEIGHTS 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