1201 Tinnin Ford RD # 56, Austin TX 78741

The market data from 7 similar recent sales in TOWN LAKE PH points to a value of approximately $507,347. To sell within a reasonable timeframe at fair market value, the $151,000 to $161,000 range is where I'd position this. In the current TOWN LAKE PH market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 1968 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.03 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in TOWN LAKE PH, listed between $145,000 and $299,000. In 78741, home values have fallen approximately 9.6% over the past 6 months. One of the strongest data points is 66 Anthony ST, Austin TX 78702, adjusting to $607,326; 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