1405 W 51st ST, Austin TX 78756

My analysis of 6 comparable properties puts this home's estimated value at $1,173,255. Based on how the local market is moving, a list price between $935,000 and $945,000 would position this home well. This home's position in the current SMITH A market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. At 366 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.17 acres versus the area average of 0.14) contributes to the valuation. With 5 similar homes currently listed in SMITH A (a balanced market), competition is a factor to consider. The 6 month price trend in 78756: fallen 12%. The best comp here is 4419 Marathon BLVD, Austin TX 78756 at an adjusted value of $1,509,729, with a pool. With 6 comparable sales in SMITH A, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group