1213 E M Franklin Ave # 1, Austin TX 78721

Reviewing the most recent comparable transactions, this home's market value falls around $732,617. For a well positioned listing in DIVISION, I'd target the $709,000 to $864,000 range. In the current DIVISION market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 281 sqft larger than the typical comp, the size difference factors into the valuation. The 2021 construction puts this home 10 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have fallen 11.5% since 6 months ago. The most comparable recent sale is 3106 Govalle Ave # A, Austin TX 78702, with an adjusted value of $637,960; a strong comparable. 4 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