1207 E 9th ST, Austin TX 78702

Taking into account 7 nearby comparable sales, this property's estimated value comes to $331,637. If we were to list this property today, I'd recommend a list price in the $384,000 to $386,000 range. This home's position in the current MAYES market: the 3rd least expensive of 7 comparable homes on the market among comparable properties. Being built in 1949 (22 years older than comps) is factored into the value estimate. Lot size matters here: 0.08 acres versus 0.01 for the typical comp. Current inventory shows 7 comparable homes in MAYES; a buyer's market based on recent absorption. The 6 month price trend in 78702: fallen 2.9%. The best comp here is 800 Embassy DR # 530, Austin TX 78702 at an adjusted value of $285,140, a strong comparable. The strength of this estimate comes from 7 directly comparable sales in MAYES. 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