1407 W 40th ST, Austin TX 78756

Based on 7 closed sales in SHOALCREST OAKS, the data points to a value around $507,824 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $357,000 to $367,000. This pricing would rank the home as the most expensive of 7 comparable homes on the market in SHOALCREST OAKS's current inventory. Being built in 1921 (64 years older than comps) is factored into the value estimate. Lot size matters here: 0.25 acres versus 0.07 for the typical comp. Right now, 7 similar properties are competing for buyers in SHOALCREST OAKS, listed between $347,000 and $550,000. Market data shows 78756 prices fallen 20.5% over the last half year. The closest comparable sale, 3940 Shoal Creek BLVD # A, Austin TX 78756 at an adjusted $403,006, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in SHOALCREST OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group