1507 Willow ST, Austin TX 78702

After reviewing 7 recent transactions in WELCH, I estimate this property's value at $624,480. A competitive list price for this home right now would fall in the $472,000 to $482,000 range. Relative to what's currently available in WELCH, this home would be the 3rd least expensive of 7 comparable homes on the market. At 45 years older than typical comps, the 1915 build date influences the valuation. Current inventory shows 7 comparable homes in WELCH; a buyer's market based on recent absorption. Prices in WELCH have risen 16.7% over the last 6 months. A similar home at 1404 Garden # 2A, Austin TX 78702 carries an adjusted comparable value of $489,777, 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