1407 E M. Franklin Ave # 1, Austin TX 78721

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,208,168. I'd recommend coming to market at $841,000 to $851,000 to strike the right balance between value and market velocity. Against 6 similar active listings in DIVISION, this price point lands at the 2nd most expensive of 6 comparable homes on the market. The larger floor plan (187 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.29 acre lot (larger than the 0.18 acre average) is reflected in the estimate. The active market in DIVISION includes 6 comparable homes priced from $779,500 to $1,795,000. The trend in DIVISION shows prices have risen 57.4% in the past 6 months. 1612 Clifford Ave, Austin TX 78702 nearby adjusts to $1,549,135; with a smaller floor plan and a pool. With 6 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