The estimated value of this property is $548,935, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $335,000 and $345,000. Against 7 similar active listings in DIVISION, this price point lands at the most expensive of 7 comparable homes on the market. Built in 1928, this home is 40 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in DIVISION, listed between $329,900 and $639,000. Recent trends in DIVISION show home values have risen 20.1% since 6 months ago. The most comparable recent sale is 2102 E 14th ST # A, Austin TX 78702, with an adjusted value of $561,500; with a smaller floor plan. Based on 7 relevant data points in DIVISION, 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