1306 Payne Ave, Austin TX 78757

After adjusting 4 comparable sales for differences in size, age, and features, this home's estimated value is $1,261,635. Pricing this home between $707,000 and $717,000 would put it in the competitive sweet spot for VIOLET CROWN HEIGHTS. This home's position in the current VIOLET CROWN HEIGHTS market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The smaller floor plan (102 sqft compared to the average comp) is a meaningful differentiator in this price range. At 5 years older than typical comps, the 2017 build date influences the valuation. With 4 similar homes currently listed in VIOLET CROWN HEIGHTS (a balanced market), competition is a factor to consider. Market data shows VIOLET CROWN HEIGHTS prices risen 81.3% over the last half year. The closest comparable sale, 1216 Arcadia Ave # 1, Austin TX 78757 at an adjusted $1,159,338, is with a smaller floor plan and a pool. With 4 comparable sales in VIOLET CROWN HEIGHTS, 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