1201 Marcy ST # 2, Austin TX 78745

Based on 4 closed sales in RENCK, the data points to a value around $633,820 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $403,000 to $413,000. Buyers shopping in RENCK right now would see this as a well positioned option among 7 comparable homes. Being 123 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 2012 (6 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in RENCK; a buyer's market based on recent absorption. Market data shows 78745 prices fallen 1.1% over the last half year. The closest comparable sale, 4418 Hank Ave # 3, Austin TX 78745 at an adjusted $659,726, is with a larger floor plan. The strength of this estimate comes from 4 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