1114 Mission RDG, Austin TX 78704

The estimated value of this property is $743,555, based on 7 comparable sales within half a mile. 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. The smaller floor plan (213 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1949, this home is 17 years older than the average comp, which is reflected in the adjustments. 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 16.9% 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 7 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