4516 S 1st ST, Austin TX 78745

The market data from 5 similar recent sales in 78745 points to a value of approximately $378,201. To sell within a reasonable timeframe at fair market value, the $367,000 to $390,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in 78745. At 170 sqft smaller than the typical comp, the size difference factors into the valuation. The 1958 construction puts this home 5 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in 78745 (a buyer's market), competition is a factor to consider. In 78745, home values have fallen approximately 5.2% over the past 6 months. One of the strongest data points is 4608 Banister LN, Austin TX 78745, adjusting to $453,685; a strong comparable. 5 comparable transactions in 78745 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group