2603 W 49 1/2 ST, Austin TX 78731

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $1,506,451. I'd recommend coming to market at $1,119,000 to $1,129,000 to strike the right balance between value and market velocity. In the current SHOALMONT market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. Built in 2019, this home is 42 years newer than the average comp, which is reflected in the adjustments. The 0.30 acre lot (larger than the 0.23 acre average) is reflected in the estimate. Right now, 4 similar properties are competing for buyers in SHOALMONT, listed between $1,100,000 and $2,195,000. The trend in SHOALMONT shows prices have fallen 6.9% in the past 6 months. 5518 Shoalwood Ave, Austin TX 78756 nearby adjusts to $1,698,866; a strong comparable. Based on 7 relevant data points in SHOALMONT, 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