1309 E 52nd ST # 4, Austin TX 78723

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $275,904. I'd recommend coming to market at $178,000 to $188,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in VERANDAS/52ND CONDOS BLDG, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The smaller floor plan (453 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.05 acre lot (smaller than the 0.30 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in VERANDAS/52ND CONDOS BLDG; a buyer's market based on recent absorption. The trend in 78723 shows prices have fallen 1.2% in the past 6 months. 1200 E 52nd ST # 205, Austin TX 78723 nearby adjusts to $160,785; a strong comparable. Based on 7 relevant data points in VERANDAS/52ND CONDOS BLDG, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX