The estimated value of this property is $461,961, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $508,000 and $561,000. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in WENDLANDT & MUELLER. Built in 1936, this home is 18 years older than the average comp, which is reflected in the adjustments. The 0.10 acre lot (smaller than the 0.14 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in WENDLANDT & MUELLER, ranging from $490,000 to $599,000. Recent trends in 78705 show home values have fallen 7.6% since 6 months ago. The most comparable recent sale is 1408 W 39th 1/2 ST, Austin TX 78756, with an adjusted value of $508,437; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group