1408 Penny ST, Austin TX 78721

Based on 5 closed sales in CEDAR VALLEY, the data points to a value around $385,654 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $311,000 to $321,000. Buyers shopping in CEDAR VALLEY right now would see this as a well positioned option among 4 comparable homes. Being built in 1951 (10 years older than comps) is factored into the value estimate. 4 similar homes are currently available in CEDAR VALLEY, creating a buyer's market for this price range. Market data shows CEDAR VALLEY prices risen 15.7% over the last half year. The closest comparable sale, 4602 Leslie Ave, Austin TX 78721 at an adjusted $304,436, is a strong comparable. The strength of this estimate comes from 5 directly comparable sales in CEDAR VALLEY. 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