1502 North # 1, Austin TX 78756

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,473,206. I'd recommend coming to market at $913,000 to $923,000 to strike the right balance between value and market velocity. In the current SMITH A market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 447 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2006, this home is 5 years older than the average comp, which is reflected in the adjustments. The active market in SMITH A includes 7 comparable homes priced from $925,000 to $2,675,000. The trend in 78756 shows prices have fallen 20.5% in the past 6 months. 3904 Petes PATH, Austin TX 78731 nearby adjusts to $1,700,145; a strong comparable. Based on 3 relevant data points in SMITH A, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX