2601 W 48TH ST, Austin TX 78731

My analysis of 7 comparable properties puts this home's estimated value at $681,244. Based on how the local market is moving, a list price between $690,000 and $700,000 would position this home well. Buyers shopping in 78731 right now would see this as a well positioned option among 6 comparable homes. Having a pool is a plus; 7 of the 7 comps lacked one. The smaller lot (0.00 acres versus the area average of 0.24) contributes to the valuation. The active market in 78731 includes 6 comparable homes priced from $560,000 to $650,000. The 6 month price trend in 78731: fallen 8.7%. The best comp here is 4603 Chiappero TRL, Austin TX 78731 at an adjusted value of $723,830, with no pool. With 7 comparable sales in 78731, 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