1200 E 11th ST # 302, Austin TX 78702

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $358,634. I'd recommend coming to market at $259,000 to $269,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in EAST THE. At 197 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2008, 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 EAST THE, listed between $280,000 and $534,000. The trend in 78702 shows prices have fallen 2.2% in the past 6 months. 300 Bowie ST # 2006, Austin TX 78703 nearby adjusts to $420,213; 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