1304 Kramer LN, Austin TX 78758

My analysis of 7 comparable properties puts this home's estimated value at $342,307. Based on how the local market is moving, a list price between $411,000 and $414,000 would position this home well. This home's position in the current PARSONS market: the 2nd least expensive of 5 comparable homes on the market among comparable properties. At 16 years older than typical comps, the 1955 build date influences the valuation. The smaller lot (0.24 acres versus the area average of 0.27) contributes to the valuation. Current inventory shows 5 comparable homes in PARSONS; a buyer's market based on recent absorption. The 6 month price trend in 78758: fallen 4.6%. The best comp here is 911 Cripple Creek DR, Austin TX 78758 at an adjusted value of $272,128, a strong comparable. With 7 comparable sales in PARSONS, 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