3410 Cedar ST, Austin TX 78705

The market data from 7 similar recent sales in INMAN HEIGHTS points to a value of approximately $1,636,275. To sell within a reasonable timeframe at fair market value, the $1,986,000 to $1,988,000 range is where I'd position this. At this price, the property would be the most affordable of 6 comparable homes on the market comparable homes currently on the market in INMAN HEIGHTS. The larger floor plan (359 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1996 construction puts this home 52 years newer than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in INMAN HEIGHTS; a buyer's market based on recent absorption. In 78705, home values have fallen approximately 11.7% over the past 6 months. One of the strongest data points is 4517 Avenue G, Austin TX 78751, adjusting to $1,882,912; with a smaller floor plan. 7 comparable transactions in INMAN HEIGHTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group