500 W 51st ST # B, Austin TX 78751

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $754,782. I'd recommend coming to market at $620,000 to $630,000 to strike the right balance between value and market velocity. In the current KOENIG PLACE market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. This home's larger footprint (102 sqft vs the comp average) plays a role in how the market prices it. Built in 2014, this home is 60 years newer than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in KOENIG PLACE (a buyer's market), competition is a factor to consider. The trend in 78751 shows prices have fallen 13.5% in the past 6 months. 302 Genard ST, Austin TX 78751 nearby adjusts to $855,823; with a smaller 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