1401 Payne Ave, Austin TX 78757

Reviewing the most recent comparable transactions, this home's market value falls around $1,123,131. For a well positioned listing in VIOLET CROWN HEIGHTS RESIDENCE, I'd target the $1,311,000 to $1,336,000 range. Among the similar homes currently available in VIOLET CROWN HEIGHTS RESIDENCE, this price point stands out as competitive. Being 244 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1949 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in VIOLET CROWN HEIGHTS RESIDENCE; a balanced market based on recent absorption. Recent trends in VIOLET CROWN HEIGHTS RESIDENCE show home values have risen 144.9% since 6 months ago. The most comparable recent sale is 7311 Grover Ave, Austin TX 78757, with an adjusted value of $989,043; with a smaller floor plan. The 3 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