1195 E M Franklin Ave, Austin TX 78721

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $399,589. I'd recommend coming to market at $483,000 to $484,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78721, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 143 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2006, this home is 13 years older than the average comp, which is reflected in the adjustments. Buyers in 78721 have 7 comparable options right now, with asking prices between $329,900 and $649,999. The trend in 78721 shows prices have fallen 5% in the past 6 months. 5006 Lott Ave # 2, Austin TX 78721 nearby adjusts to $385,207; a strong comparable. Based on 3 relevant data points in 78721, 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