1116 Northwestern Ave # D, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $435,868. For a well positioned listing in EAST, I'd target the $164,000 to $174,000 range. With 7 comparable homes on the market in EAST, this price positions the property as the most expensive of 7 comparable homes on the market. The smaller floor plan (502 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2009 construction puts this home 34 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in EAST; a buyer's market based on recent absorption. Recent trends in 78702 show home values have fallen 2.6% since 6 months ago. The most comparable recent sale is 1187 Coleto ST, Austin TX 78702, with an adjusted value of $425,509; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group