1116 Northwestern Ave # A, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $408,510. For a well positioned listing in EAST, I'd target the $164,000 to $174,000 range. At this price, the property would be the 2nd most expensive of 6 comparable homes on the market comparable homes currently on the market in EAST. The smaller floor plan (433 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2009 construction puts this home 33 years newer than the comp average, a factor in the pricing. There are currently 6 similar homes on the market in EAST, ranging from $180,000 to $899,000. Recent trends in 78702 show home values have fallen 10.6% since 6 months ago. The most comparable recent sale is 1187 Coleto ST, Austin TX 78702, with an adjusted value of $425,396; 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