1201 Marcy ST # 2, Austin TX 78745

Based on 3 closed sales in RENCK, the data points to a value around $613,731 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $474,000 to $484,000. Buyers shopping in RENCK right now would see this as a well positioned option among 7 comparable homes. Being built in 2012 (9 years older than comps) is factored into the value estimate. Lot size matters here: 0.20 acres versus 0.16 for the typical comp. Current inventory shows 7 comparable homes in RENCK; a buyer's market based on recent absorption. Market data shows 78745 prices fallen 5.2% over the last half year. The closest comparable sale, 4418 Mount Vernon DR # B, Austin TX 78745 at an adjusted $673,130, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in RENCK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group