402 W 55th ST # 2, Austin TX 78751

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $554,125. I'd recommend coming to market at $574,000 to $586,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in NORTHFIELD ANNEX, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 132 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.15 acre lot (larger than the 0.12 acre average) is reflected in the estimate. Buyers in NORTHFIELD ANNEX have 7 comparable options right now, with asking prices between $459,500 and $939,000. The trend in 78751 shows prices have risen 5.8% in the past 6 months. 5507 Duval ST # A, Austin TX 78751 nearby adjusts to $568,096; a strong comparable. Based on 5 relevant data points in NORTHFIELD ANNEX, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX