1215 Arthur Stiles RD, Austin TX 78721

Based on 3 closed sales in JOHNSTON TERRACE, the data points to a value around $262,979 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $269,000 to $340,000. This pricing would rank the home as the most affordable of 3 comparable homes on the market in JOHNSTON TERRACE's current inventory. Lot size matters here: 0.17 acres versus 0.24 for the typical comp. Current inventory shows 3 comparable homes in JOHNSTON TERRACE; a buyer's market based on recent absorption. Market data shows 78721 prices fallen 6.5% over the last half year. The closest comparable sale, 1104 Gardner RD, Austin TX 78721 at an adjusted $269,302, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in JOHNSTON TERRACE. 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