3900 E 16th ST, Austin TX 78721

The estimated value of this property is $451,436, based on 5 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $277,000 and $287,000. In the current PAN TEXAS EAST market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 0.24 acre lot (larger than the 0.21 acre average) is reflected in the estimate. The active market in PAN TEXAS EAST includes 7 comparable homes priced from $299,500 to $730,000. Recent trends in 78721 show home values have fallen 7.5% since 6 months ago. The most comparable recent sale is 3907 Carmel DR, Austin TX 78721, with an adjusted value of $533,876; a strong comparable. With 5 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