1200 E 11th ST # 404, Austin TX 78702

The estimated value of this property is $380,863, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $224,000 and $234,000. Among the similar homes currently available in EAST THE, this price point stands out as competitive. At 400 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2008, this home is 32 years newer than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in EAST THE, listed between $239,000 and $310,000. Recent trends in 78702 show home values have fallen 6.8% since 6 months ago. The most comparable recent sale is 1187 Coleto ST, Austin TX 78702, with an adjusted value of $394,465; a strong comparable. Based on 7 relevant data points in EAST THE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX