1601 Perez ST # B, Austin TX 78721

The estimated value of this property is $503,303, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $502,000 and $504,000. In the current PAN TEXAS EAST market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 0.27 acre lot (larger than the 0.12 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in PAN TEXAS EAST; a buyer's market based on recent absorption. Recent trends in 78721 show home values have fallen 7.5% since 6 months ago. The most comparable recent sale is 4801 Louis Ave # 1, Austin TX 78721, with an adjusted value of $431,490; a strong comparable. Based on 7 relevant data points in PAN TEXAS EAST, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX