1200 E 11th ST # 306, Austin TX 78702

The market data from 7 similar recent sales in EAST THE points to a value of approximately $432,657. To sell within a reasonable timeframe at fair market value, the $318,000 to $328,000 range is where I'd position this. In the current EAST THE market with 6 similar homes available, this price represents the most expensive of 6 comparable homes on the market. The 141 sqft size difference versus comparable sales is reflected in the adjusted values. The 2008 construction puts this home 19 years newer than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in EAST THE; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 3.6% over the past 6 months. One of the strongest data points is 2014 E 9th ST # 2, Austin TX 78702, adjusting to $488,173; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group