1612 W 11th ST, Austin TX 78703

The estimated value of this property is $1,364,096, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $1,069,000 and $1,079,000. Among the similar homes currently available in 78703, this price point stands out as competitive. Built in 1920, this home is 55 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in 78703; a buyer's market based on recent absorption. Recent trends in 78703 show home values have fallen 4.7% since 6 months ago. The most comparable recent sale is 1313 W 9th 1/2 ST, Austin TX 78703, with an adjusted value of $1,583,836; with a larger floor plan. Based on 7 relevant data points in 78703, 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