1607 Cinnamon PATH # B, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $418,172. Based on how the local market is moving, a list price between $329,000 and $339,000 would position this home well. This home's position in the current CINNAMON RIDGE market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 7 years older than typical comps, the 1982 build date influences the valuation. The smaller lot (0.19 acres versus the area average of 1.17) contributes to the valuation. 7 similar homes are currently available in CINNAMON RIDGE, creating a buyer's market for this price range. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 1912 Lightsey RD # 5, Austin TX 78704 at an adjusted value of $382,210, a strong comparable. With 7 comparable sales in CINNAMON RIDGE, 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