1114 Gillespie PL, Austin TX 78704

The estimated value of this property is $1,340,175, based on 5 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $1,008,000 and $1,018,000. With 7 comparable homes on the market in TRAVIS HEIGHTS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (224 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2005, this home is 9 years older than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in TRAVIS HEIGHTS, creating a buyer's market for this price range. Recent trends in TRAVIS HEIGHTS show home values have fallen 21.6% since 6 months ago. The most comparable recent sale is 1907 Travis Heights BLVD, Austin TX 78704, with an adjusted value of $1,239,539; with a larger floor plan. Based on 5 relevant data points in TRAVIS HEIGHTS, 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