1605 W 11th ST, Austin TX 78703

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $588,048. I'd recommend coming to market at $376,000 to $386,000 to strike the right balance between value and market velocity. In the current SPEAR G market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The smaller floor plan (162 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1950, this home is 18 years older than the average comp, which is reflected in the adjustments. The active market in SPEAR G includes 7 comparable homes priced from $359,000 to $684,999. The trend in 78703 shows prices have risen 3% in the past 6 months. 505 W 7th ST # 108, Austin TX 78701 nearby adjusts to $306,175; a strong comparable. Based on 7 relevant data points in SPEAR G, 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