1197 Greenwood Ave # 2, Austin TX 78721

My analysis of 3 comparable properties puts this home's estimated value at $647,688. Based on how the local market is moving, a list price between $513,000 and $523,000 would position this home well. Buyers shopping in 78721 right now would see this as a well positioned option among 5 comparable homes. This home's larger footprint (132 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.19 acres versus the area average of 0.15) contributes to the valuation. The active market in 78721 includes 5 comparable homes priced from $474,900 to $850,000. The 6 month price trend in 78721: fallen 5%. The best comp here is 1406 Cometa ST # 1, Austin TX 78721 at an adjusted value of $701,250, with a smaller floor plan. The comp data here (3 sales in 78721) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus