1407 Burford PL, Austin TX 78704

Based on 3 closed sales in BROWN J, the data points to a value around $937,262 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $323,000 to $333,000. Buyers shopping in BROWN J right now would see this as a well positioned option among 7 comparable homes. Being built in 1936 (8 years older than comps) is factored into the value estimate. Lot size matters here: 0.25 acres versus 0.17 for the typical comp. With 7 similar homes currently listed in BROWN J (a buyer's market), competition is a factor to consider. Market data shows 78704 prices fallen 6% over the last half year. The closest comparable sale, 800 Kinney Ave, Austin TX 78704 at an adjusted $1,071,890, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in BROWN J. 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