124 Cumberland # 402, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $674,997. Based on how the local market is moving, a list price between $661,000 and $688,000 would position this home well. Relative to what's currently available in TOWNS CUMBERLAND, this home would be the 3rd most expensive of 7 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.34) contributes to the valuation. Right now, 7 similar properties are competing for buyers in TOWNS CUMBERLAND, listed between $535,000 and $1,150,000. The 6 month price trend in 78704: fallen 6.6%. The best comp here is 219 Lessin LN # 11, Austin TX 78704 at an adjusted value of $566,900, a strong comparable. With 7 comparable sales in TOWNS CUMBERLAND, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group