1616 W 9 1/2 ST, Austin TX 78703

My analysis of 7 comparable properties puts this home's estimated value at $461,777. Based on how the local market is moving, a list price between $340,000 and $350,000 would position this home well. Buyers shopping in WESTRIDGE right now would see this as a well positioned option among 7 comparable homes. At 34 years older than typical comps, the 1924 build date influences the valuation. The larger lot (0.13 acres versus the area average of 0.03) contributes to the valuation. Current inventory shows 7 comparable homes in WESTRIDGE; a buyer's market based on recent absorption. The 6 month price trend in 78703: risen 8.5%. The best comp here is 900 W Lynn ST, Austin TX 78703 at an adjusted value of $647,440, with a larger floor plan. With 7 comparable sales in WESTRIDGE, 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