306 W 55 1/2 ST, Austin TX 78751

Based on 7 closed sales in NORTHFIELD ANNEX, the data points to a value around $409,266 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $212,000 to $222,000. Relative to what's currently available in NORTHFIELD ANNEX, this home would be the most expensive of 7 comparable homes on the market. This home's smaller footprint (376 sqft vs the comp average) plays a role in how the market prices it. Being built in 1949 (7 years older than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in NORTHFIELD ANNEX, listed between $229,000 and $274,000. Market data shows 78751 prices fallen 12.9% over the last half year. The closest comparable sale, 912 1/2 E 50th ST, Austin TX 78751 at an adjusted $345,514, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in NORTHFIELD ANNEX. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group