1400 Penny ST, Austin TX 78721

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $372,425. I'd recommend coming to market at $313,000 to $323,000 to strike the right balance between value and market velocity. Against 4 similar active listings in CEDAR VALLEY, this price point lands at the 2nd least expensive of 4 comparable homes on the market. Built in 1952, this home is 7 years older than the average comp, which is reflected in the adjustments. There are currently 4 similar homes on the market in CEDAR VALLEY, ranging from $305,000 to $649,999. The trend in CEDAR VALLEY shows prices have risen 3.7% in the past 6 months. 4602 Leslie Ave, Austin TX 78721 nearby adjusts to $309,710; a strong comparable. Based on 7 relevant data points in CEDAR VALLEY, 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