3706 E 12th ST, Austin TX 78721

The market data from 7 similar recent sales in DIVISION points to a value of approximately $632,370. To sell within a reasonable timeframe at fair market value, the $193,000 to $203,000 range is where I'd position this. With 7 comparable homes on the market in DIVISION, this price positions the property as the most expensive of 7 comparable homes on the market. The 1946 construction puts this home 10 years newer than the comp average, a factor in the pricing. At 0.39 acres, the lot is larger than the 0.13 acre comp average, which factors into pricing. With 7 similar homes currently listed in DIVISION (a buyer's market), competition is a factor to consider. In DIVISION, home values have risen approximately 20.1% over the past 6 months. One of the strongest data points is 1210 Coleto ST, Austin TX 78702, adjusting to $552,372; 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