1311 Walnut Ave, Austin TX 78702

The market data from 7 similar recent sales in WESTLING points to a value of approximately $353,509. To sell within a reasonable timeframe at fair market value, the $456,000 to $497,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in WESTLING. The 1933 construction puts this home 35 years older than the comp average, a factor in the pricing. At 0.16 acres, the lot is larger than the 0.06 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in WESTLING; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 1303 Walnut Ave, Austin TX 78702, adjusting to $456,198; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group