1931 E 38TH 1/2 ST # 62, Austin TX 78723

The market data from 3 similar recent sales in MANOR HILL points to a value of approximately $680,324. To sell within a reasonable timeframe at fair market value, the $785,000 to $786,000 range is where I'd position this. With 7 comparable homes on the market in MANOR HILL, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 0.19 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in MANOR HILL, listed between $624,900 and $899,000. In 78723, home values have fallen approximately 11.7% over the past 6 months. One of the strongest data points is 2107 Greenwood Ave # B, Austin TX 78723, adjusting to $698,651; a strong comparable. 3 comparable transactions in MANOR HILL support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group