1144 Gunter ST, Austin TX 78721

The market data from 4 similar recent sales in SOUTH ACRE OF LT points to a value of approximately $414,962. To sell within a reasonable timeframe at fair market value, the $311,000 to $321,000 range is where I'd position this. With 3 comparable homes on the market in SOUTH ACRE OF LT, this price positions the property as the most expensive of 3 comparable homes on the market. The 1957 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.21 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. 3 similar homes are currently available in SOUTH ACRE OF LT, creating a buyer's market for this price range. In 78721, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 1122 Gunter ST, Austin TX 78702, adjusting to $506,769; with a larger floor plan. 4 comparable transactions in SOUTH ACRE OF LT support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group