1213 E M Franklin Ave # 1, Austin TX 78721

Reviewing the most recent comparable transactions, this home's market value falls around $896,436. For a well positioned listing in DIVISION, I'd target the $527,000 to $537,000 range. In the current DIVISION market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. At 111 sqft larger than the typical comp, the size difference factors into the valuation. The 2021 construction puts this home 6 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have risen 48.7% since 6 months ago. The most comparable recent sale is 1610 Harvey # 2, Austin TX 78702, with an adjusted value of $819,525; with a pool. 5 comparable transactions in DIVISION support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group