1120 Northwestern Ave, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $403,213. I'd recommend coming to market at $500,000 to $505,000 to strike the right balance between value and market velocity. In the current JONES M market with 4 similar homes available, this price represents the 2nd least expensive of 4 comparable homes on the market. The 103 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1946, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in JONES M; a buyer's market based on recent absorption. The trend in 78702 shows prices have fallen 6.8% in the past 6 months. 1134 Leona ST, Austin TX 78702 nearby adjusts to $357,850; a strong comparable. Based on 7 relevant data points in JONES M, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX