407 W 55th ST # A, Austin TX 78751

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $603,526. I'd recommend coming to market at $592,000 to $616,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in NORTH LOOP, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. This home's larger footprint (168 sqft vs the comp average) plays a role in how the market prices it. Built in 2016, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in NORTH LOOP; a buyer's market based on recent absorption. The trend in 78751 shows prices have risen 5.8% in the past 6 months. 5303 Avenue G # 1, Austin TX 78751 nearby adjusts to $1,087,727; with a larger floor plan. With 7 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