2112 Thornton RD, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $825,636. I'd recommend coming to market at $630,000 to $640,000 to strike the right balance between value and market velocity. Against 7 similar active listings in 78704, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (105 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.23 acre lot (larger than the 0.19 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 1913 Edgeware DR, Austin TX 78704 nearby adjusts to $830,965; a strong comparable. Based on 5 relevant data points in 78704, 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