1114 Mission RDG, Austin TX 78704

The estimated value of this property is $808,192, based on 3 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $549,000 and $559,000. Against 3 similar active listings in TRAVIS HEIGHTS, this price point lands at the most expensive of 3 comparable homes on the market. Built in 1949, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 0.17 acre lot (larger than the 0.14 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in TRAVIS HEIGHTS; a buyer's market based on recent absorption. Recent trends in TRAVIS HEIGHTS show home values have fallen 20.3% since 6 months ago. The most comparable recent sale is 1211 Alta Vista Ave, Austin TX 78704, with an adjusted value of $756,789; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group