408-B W 51st ST, Austin TX 78751

After reviewing 7 recent transactions in KOENIG PLACE, I estimate this property's value at $791,313. A competitive list price for this home right now would fall in the $685,000 to $695,000 range. Relative to what's currently available in KOENIG PLACE, this home would be the most expensive of 4 comparable homes on the market. The larger floor plan (202 sqft compared to the average comp) is a meaningful differentiator in this price range. At 46 years newer than typical comps, the 2014 build date influences the valuation. Right now, 4 similar properties are competing for buyers in KOENIG PLACE, listed between $649,000 and $949,500. Prices in 78751 have fallen 11.6% over the last 6 months. A similar home at 901 E 55th ST, Austin TX 78751 carries an adjusted comparable value of $699,173, providing a strong data point. The comp data here (7 sales in KOENIG PLACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus