1121 Estes Ave # 2, Austin TX 78721

My analysis of 3 comparable properties puts this home's estimated value at $435,558. Based on how the local market is moving, a list price between $270,000 and $280,000 would position this home well. Relative to what's currently available in 78721, this home would be the 3rd most expensive of 7 comparable homes on the market. At 6 years older than typical comps, the 2018 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.16) contributes to the valuation. 7 similar homes are currently available in 78721, creating a buyer's market for this price range. The 6 month price trend in 78721: fallen 7%. The best comp here is 5203 Star Light TER # 2, Austin TX 78721 at an adjusted value of $473,158, a strong comparable. With 3 comparable sales in 78721, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group