402-B W 51 ST # D, Austin TX 78751

The market data from 7 similar recent sales in KOENIG PLACE points to a value of approximately $856,465. To sell within a reasonable timeframe at fair market value, the $487,000 to $497,000 range is where I'd position this. With 7 comparable homes on the market in KOENIG PLACE, this price positions the property as the most expensive of 7 comparable homes on the market. At 106 sqft larger than the typical comp, the size difference factors into the valuation. The 2014 construction puts this home 53 years newer than the comp average, a factor in the pricing. The active market in KOENIG PLACE includes 7 comparable homes priced from $489,999 to $785,000. In 78751, home values have fallen approximately 12% over the past 6 months. One of the strongest data points is 928 E 53rd 1/2 ST # 1, Austin TX 78751, adjusting to $622,607; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group