1114 W 11th ST, Austin TX 78703

Based on 7 closed sales in SILLIMAN, the data points to a value around $2,654,840 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $3,340,000 to $4,220,000. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in SILLIMAN's current inventory. At 533 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1871 (109 years older than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in SILLIMAN, listed between $2,500,000 and $5,850,000. Market data shows 78703 prices fallen 9.3% over the last half year. The closest comparable sale, 1016 Shelley Ave, Austin TX 78703 at an adjusted $2,288,550, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in SILLIMAN. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group