1201 Marcy ST # A, Austin TX 78745

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $663,888. I'd recommend coming to market at $702,000 to $707,000 to strike the right balance between value and market velocity. Against 3 similar active listings in 78745, this price point lands at the 2nd most expensive of 3 comparable homes on the market. Built in 2012, this home is 9 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in 78745 (a buyer's market), competition is a factor to consider. The trend in 78745 shows prices have fallen 6.9% in the past 6 months. 4405 Jinx Ave # 2, Austin TX 78745 nearby adjusts to $639,043; with a smaller floor plan. With 3 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