1311 E M Franklin Ave # 2, Austin TX 78721

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $667,656. I'd recommend coming to market at $236,000 to $246,000 to strike the right balance between value and market velocity. In the current DIVISION market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Built in 2004, this home is 56 years newer than the average comp, which is reflected in the adjustments. The 0.29 acre lot (larger than the 0.15 acre average) is reflected in the estimate. With 7 similar homes currently listed in DIVISION (a buyer's market), competition is a factor to consider. The trend in DIVISION shows prices have risen 20.1% in the past 6 months. 1169 Curve ST, Austin TX 78702 nearby adjusts to $564,920; a strong comparable. Based on 7 relevant data points in DIVISION, 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