1506 Payne Ave, Austin TX 78757

My analysis of 7 comparable properties puts this home's estimated value at $866,242. Based on how the local market is moving, a list price between $653,000 and $663,000 would position this home well. This pricing would rank the home as the most expensive of 7 comparable homes on the market in VIOLET CROWN HEIGHTS's current inventory. At 13 years newer than typical comps, the 2015 build date influences the valuation. The smaller lot (0.03 acres versus the area average of 0.18) contributes to the valuation. There are currently 7 similar homes on the market in VIOLET CROWN HEIGHTS, ranging from $600,000 to $849,000. The 6 month price trend in VIOLET CROWN HEIGHTS: risen 87.4%. The best comp here is 1206 Payne Ave # B, Austin TX 78757 at an adjusted value of $819,117, a strong comparable. With 7 comparable sales in VIOLET CROWN HEIGHTS, 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