1198 E M Franklin, Austin TX 78721

The estimated value of this property is $402,759, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $187,000 and $197,000. Against 7 similar active listings in EBONY ACRES, this price point lands at the 4th most expensive of 7 comparable homes on the market. Being 303 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2005, this home is 6 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in EBONY ACRES, listed between $175,000 and $649,999. Recent trends in 78721 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 1600 Elmira RD, Austin TX 78721, with an adjusted value of $369,066; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group