1901 Matthews LN, Austin TX 78745

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $419,620. Pricing this home between $428,000 and $440,000 would put it in the competitive sweet spot for CANNON. Relative to what's currently available in CANNON, this home would be the 3rd most expensive of 7 comparable homes on the market. At 32 years older than typical comps, the 1948 build date influences the valuation. The larger lot (1.48 acres versus the area average of 0.31) contributes to the valuation. Current inventory shows 7 comparable homes in CANNON; a buyer's market based on recent absorption. Market data shows 78745 prices fallen 2.3% over the last half year. The closest comparable sale, 1927 Berkeley Ave, Austin TX 78745 at an adjusted $409,650, is with a larger floor plan. With 7 comparable sales in CANNON, 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