3606 Govalle Ave, Austin TX 78702

The market data from 7 similar recent sales in DIVISION points to a value of approximately $702,198. To sell within a reasonable timeframe at fair market value, the $406,000 to $416,000 range is where I'd position this. Against 7 similar active listings in DIVISION, this price point lands at the most expensive of 7 comparable homes on the market. This home's larger footprint (144 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 20 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. In DIVISION, home values have risen approximately 1.4% over the past 6 months. One of the strongest data points is 3401 Oak Springs DR, Austin TX 78721, adjusting to $600,251; a strong comparable. 7 comparable transactions in DIVISION 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