1507 Arcadia Ave, Austin TX 78757

Based on 7 closed sales in VIOLET CROWN HEIGHTS, the data points to a value around $650,224 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $544,000 to $554,000. This home's position in the current VIOLET CROWN HEIGHTS market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. This home's smaller footprint (353 sqft vs the comp average) plays a role in how the market prices it. Being built in 1951 (11 years older than comps) is factored into the value estimate. Current inventory shows 4 comparable homes in VIOLET CROWN HEIGHTS; a balanced market based on recent absorption. Market data shows VIOLET CROWN HEIGHTS prices risen 75.7% over the last half year. The closest comparable sale, 6505 Grover Ave # 1, Austin TX 78757 at an adjusted $604,020, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in VIOLET CROWN HEIGHTS. 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