The estimated value of this property is $548,743, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $224,000 and $234,000. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in DIVISION. Being 399 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1932, this home is 13 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in DIVISION, ranging from $205,000 to $899,000. Recent trends in DIVISION show home values have risen 4.9% since 6 months ago. The most comparable recent sale is 2108 E 12th ST, Austin TX 78702, with an adjusted value of $416,452; a strong comparable. 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