4416 Gillis ST # B, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $539,935. For a well positioned listing in BANISTER ACRES, I'd target the $470,000 to $480,000 range. In the current BANISTER ACRES market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 2017 construction puts this home 22 years newer than the comp average, a factor in the pricing. At 0.25 acres, the lot is larger than the 0.17 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in BANISTER ACRES; a buyer's market based on recent absorption. Recent trends in 78745 show home values have fallen 7.9% since 6 months ago. The most comparable recent sale is 4603 Richmond Ave # 2, Austin TX 78745, with an adjusted value of $599,838; 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