1115 Kinney Ave # 5, Austin TX 78704

The market data from 7 similar recent sales in IVY points to a value of approximately $543,370. To sell within a reasonable timeframe at fair market value, the $548,000 to $566,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in IVY. The 2004 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. 4 similar homes are currently available in IVY, creating a buyer's market for this price range. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 1115 Kinney Ave # 6, Austin TX 78704, adjusting to $566,400; a strong comparable. 7 comparable transactions in IVY 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