1201 Tinnin Ford RD # 25, Austin TX 78741

Reviewing the most recent comparable transactions, this home's market value falls around $671,777. For a well positioned listing in TOWN LAKE PH, I'd target the $514,000 to $524,000 range. In the current TOWN LAKE PH market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 1968 construction puts this home 16 years older than the comp average, a factor in the pricing. At 0.04 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in TOWN LAKE PH, listed between $475,000 and $1,100,000. Recent trends in 78741 show home values have fallen 2.5% since 6 months ago. The most comparable recent sale is 2300 Willow ST, Austin TX 78702, with an adjusted value of $821,362; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group