1511 E 12th ST, Austin TX 78702

My analysis of 7 comparable properties puts this home's estimated value at $603,276. Based on how the local market is moving, a list price between $489,000 and $499,000 would position this home well. Buyers shopping in PATTERSON J right now would see this as a well positioned option among 7 comparable homes. At 15 years older than typical comps, the 1968 build date influences the valuation. The larger lot (0.19 acres versus the area average of 0.11) contributes to the valuation. Right now, 7 similar properties are competing for buyers in PATTERSON J, listed between $429,000 and $725,000. The 6 month price trend in 78702: fallen 9%. The best comp here is 1313 E 13th ST, Austin TX 78702 at an adjusted value of $721,503, a strong comparable. With 7 comparable sales in PATTERSON J, 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