1503 Ruth, Austin TX 78757

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $857,631. To generate strong buyer interest while maximizing value, I'd price this between $1,012,000 and $1,028,000. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in VIOLET CROWN HEIGHTS. Being 624 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1950 construction puts this home 12 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in VIOLET CROWN HEIGHTS; a buyer's market based on recent absorption. The trend in VIOLET CROWN HEIGHTS shows prices have risen 82.3% in the past 6 months. 1002 Payne Ave, Austin TX 78757 nearby adjusts to $1,074,760; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group