2048 Zach Scott ST, Austin TX 78723

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $518,843. I'd recommend coming to market at $373,000 to $383,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78723. The smaller floor plan (158 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2008, this home is 9 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78723, listed between $350,000 and $720,000. The trend in 78723 shows prices have fallen 1.2% in the past 6 months. 2508 B Simond Ave # B, Austin TX 78723 nearby adjusts to $504,181; a strong comparable. With 5 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