1900 W 39th ST # 1, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $482,049. I'd recommend coming to market at $352,000 to $362,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78731, this price point lands at the 3rd least expensive of 7 comparable homes on the market. Built in 1950, this home is 14 years older than the average comp, which is reflected in the adjustments. The 0.08 acre lot (smaller than the 0.12 acre average) is reflected in the estimate. The active market in 78731 includes 7 comparable homes priced from $349,000 to $675,000. The trend in 78731 shows prices have fallen 14.4% in the past 6 months. 1903 40th ST, Austin TX 78731 nearby adjusts to $600,523; a strong comparable. Based on 7 relevant data points in 78731, 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