1704 Magazine ST, Austin TX 78727

The market data from 7 similar recent sales in SCOFIELD FARMS points to a value of approximately $356,803. To sell within a reasonable timeframe at fair market value, the $244,000 to $254,000 range is where I'd position this. In the current SCOFIELD FARMS market with 6 similar homes available, this price represents the 3rd most expensive of 6 comparable homes on the market. The smaller floor plan (175 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.21 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in SCOFIELD FARMS; a buyer's market based on recent absorption. In SCOFIELD FARMS, home values have risen approximately 9.5% over the past 6 months. One of the strongest data points is 12804 Meehan DR, Austin TX 78727, adjusting to $334,933; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group