3601 E 12th ST, Austin TX 78721

Based on 5 closed sales in EBONY ACRES, the data points to a value around $531,883 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $298,000 to $308,000. Buyers shopping in EBONY ACRES right now would see this as a well positioned option among 7 comparable homes. This home's smaller footprint (313 sqft vs the comp average) plays a role in how the market prices it. Being built in 2006 (12 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in EBONY ACRES, ranging from $299,500 to $650,000. Market data shows 78721 prices fallen 5% over the last half year. The closest comparable sale, 5202 Rob Scott ST, Austin TX 78721 at an adjusted $488,983, is with a larger floor plan. The strength of this estimate comes from 5 directly comparable sales in EBONY ACRES. 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