1511 Arcadia Ave, Austin TX 78757

After reviewing 3 recent transactions in VIOLET CROWN HEIGHTS, I estimate this property's value at $582,384. A competitive list price for this home right now would fall in the $388,000 to $398,000 range. Relative to what's currently available in VIOLET CROWN HEIGHTS, this home would be the 3rd most expensive of 5 comparable homes on the market. The larger lot (0.23 acres versus the area average of 0.19) contributes to the valuation. Current inventory shows 5 comparable homes in VIOLET CROWN HEIGHTS; a balanced market based on recent absorption. Prices in VIOLET CROWN HEIGHTS have risen 75.7% over the last 6 months. A similar home at 1405 Karen Ave, Austin TX 78757 carries an adjusted comparable value of $522,098, providing a strong data point. With 3 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