1206 Perez ST # B, Austin TX 78721

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $443,511. I'd recommend coming to market at $318,000 to $328,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78721, this price point lands at the 4th most expensive of 7 comparable homes on the market. At 226 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2017, this home is 16 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in 78721 (a buyer's market), competition is a factor to consider. The trend in 78721 shows prices have fallen 5% in the past 6 months. 5006 Lott Ave # 2, Austin TX 78721 nearby adjusts to $445,757; a strong comparable. With 7 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