1812 Newton ST, Austin TX 78704

The estimated value of this property is $1,117,660, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,508,000 and $1,556,000. With 4 comparable homes on the market in NEWNING & WARNERS, this price positions the property as the most affordable of 4 comparable homes on the market. Being 362 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2004, this home is 5 years older than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in NEWNING & WARNERS (a buyer's market), competition is a factor to consider. Recent trends in 78704 show home values have fallen 1.8% since 6 months ago. The most comparable recent sale is 402 Crockett ST, Austin TX 78704, with an adjusted value of $1,507,665; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group