1407 E M. Franklin Ave # 2, Austin TX 78721

My analysis of 4 comparable properties puts this home's estimated value at $681,921. Based on how the local market is moving, a list price between $498,000 and $508,000 would position this home well. This pricing would rank the home as the most expensive of 5 comparable homes on the market in DIVISION's current inventory. At 179 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.29 acres versus the area average of 0.21) contributes to the valuation. With 5 similar homes currently listed in DIVISION (a buyer's market), competition is a factor to consider. The 6 month price trend in DIVISION: risen 48.9%. The best comp here is 1212 Poquito ST # 1, Austin TX 78702 at an adjusted value of $559,120, with a larger floor plan. With 4 comparable sales in DIVISION, 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