1116 Walton LN, Austin TX 78721

The estimated value of this property is $538,517, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $455,000 and $465,000. With 7 comparable homes on the market in JOHNSTON TERRACE, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Built in 1946, this home is 48 years older than the average comp, which is reflected in the adjustments. The 0.47 acre lot (larger than the 0.17 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in JOHNSTON TERRACE, listed between $389,999 and $775,000. Recent trends in JOHNSTON TERRACE show home values have risen 28.3% since 6 months ago. The most comparable recent sale is 1040 Gardner RD, Austin TX 78721, with an adjusted value of $300,397; with a larger floor plan. 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