1219 Newning Ave, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $2,660,865. For a well positioned listing in WOODLAWN, I'd target the $2,851,000 to $2,865,000 range. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in WOODLAWN. Being 403 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. 4 similar homes are currently available in WOODLAWN, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 4.9% since 6 months ago. The most comparable recent sale is 508 Leland ST, Austin TX 78704, with an adjusted value of $2,590,968; 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