407 Capitol DR, Austin TX 78753

Based on 3 closed sales in GEORGIAN ACRES, the data points to a value around $301,463 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $173,000 to $183,000. This would position the home competitively among 7 active listings in GEORGIAN ACRES. At 112 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 7 comparable homes in GEORGIAN ACRES; a buyer's market based on recent absorption. Market data shows 78753 prices fallen 0.7% over the last half year. The closest comparable sale, 502 Oakley CT, Austin TX 78753 at an adjusted $305,029, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in GEORGIAN ACRES. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group