1123 Salina ST, Austin TX 78702

After reviewing 7 recent transactions in JONES M, I estimate this property's value at $468,665. A competitive list price for this home right now would fall in the $501,000 to $519,000 range. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in JONES M's current inventory. At 18 years older than typical comps, the 1930 build date influences the valuation. The larger lot (0.19 acres versus the area average of 0.10) contributes to the valuation. The active market in JONES M includes 7 comparable homes priced from $400,000 to $535,000. Prices in 78702 have fallen 0.7% over the last 6 months. A similar home at 1205 E 12th ST, Austin TX 78702 carries an adjusted comparable value of $456,170, providing a strong data point. With 7 comparable sales in JONES M, 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