1208 Stobaugh ST, Austin TX 78757

The market data from 7 similar recent sales in NORTHGATE points to a value of approximately $559,205. To sell within a reasonable timeframe at fair market value, the $402,000 to $412,000 range is where I'd position this. With 7 comparable homes on the market in NORTHGATE, this price positions the property as the most expensive of 7 comparable homes on the market. The 1944 construction puts this home 16 years older than the comp average, a factor in the pricing. At 0.51 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. With 7 similar homes currently listed in NORTHGATE (a buyer's market), competition is a factor to consider. In 78757, home values have risen approximately 14% over the past 6 months. One of the strongest data points is 1111 Taulbee LN, Austin TX 78757, adjusting to $482,051; 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