1200 E 52nd ST # 107, Austin TX 78723

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $254,774. I'd recommend coming to market at $168,000 to $178,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 52 MUELLER CONDOMINIUMS, this price point lands at the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (164 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.99 acre lot (larger than the 0.36 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 52 MUELLER CONDOMINIUMS; a buyer's market based on recent absorption. The trend in 78723 shows prices have fallen 0.6% in the past 6 months. 1200 E 52nd ST # 205, Austin TX 78723 nearby adjusts to $184,717; a strong comparable. Based on 7 relevant data points in 52 MUELLER CONDOMINIUMS, 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