1506 Willow ST, Austin TX 78702

After reviewing 7 recent transactions in WELCH, I estimate this property's value at $520,165. A competitive list price for this home right now would fall in the $350,000 to $360,000 range. This pricing would rank the home as the 4th most expensive of 7 comparable homes on the market in WELCH's current inventory. At 39 years older than typical comps, the 1915 build date influences the valuation. The larger lot (0.16 acres versus the area average of 0.11) contributes to the valuation. Right now, 7 similar properties are competing for buyers in WELCH, listed between $319,999 and $985,000. Prices in 78702 have fallen 8.2% over the last 6 months. A similar home at 85 Navasota ST, Austin TX 78702 carries an adjusted comparable value of $255,910, providing a strong data point. With 7 comparable sales in WELCH, 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