1200 E 11th ST # 206, Austin TX 78702

After reviewing 7 recent transactions in EAST THE, I estimate this property's value at $426,119. A competitive list price for this home right now would fall in the $318,000 to $328,000 range. This home's position in the current EAST THE market: the most expensive of 6 comparable homes on the market among comparable properties. At 50 years newer than typical comps, the 2008 build date influences the valuation. The smaller lot (0.02 acres versus the area average of 0.07) contributes to the valuation. Buyers in EAST THE have 6 comparable options right now, with asking prices between $325,000 and $499,000. Prices in 78702 have fallen 2.2% over the last 6 months. A similar home at 2014 E 9th ST # 2, Austin TX 78702 carries an adjusted comparable value of $488,520, providing a strong data point. With 7 comparable sales in EAST THE, 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