1301 Cedar Ave, Austin TX 78702

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $500,697. I'd recommend coming to market at $227,000 to $237,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in GLENWOOD, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 145 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1940, this home is 28 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in GLENWOOD, listed between $200,000 and $775,000. The trend in GLENWOOD shows prices have risen 40.9% in the past 6 months. 1808 Maple Ave, Austin TX 78702 nearby adjusts to $474,476; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group