1407 Coleto ST, Austin TX 78702

The estimated value of this property is $552,508, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $218,000 and $228,000. Among the similar homes currently available in DIVISION, this price point stands out as competitive. Being 221 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1934, this home is 23 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have risen 66.1% since 6 months ago. The most comparable recent sale is 2102 E 14th ST # A, Austin TX 78702, with an adjusted value of $550,207; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group