The comparable sales data (7 recent transactions in STEINLE) supports an estimated value of $1,178,160. The data suggests a list price between $1,526,000 and $1,531,000 would attract qualified buyers without leaving money on the table. This would position the home competitively among 7 active listings in STEINLE. Being built in 1955 (11 years newer than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in STEINLE, listed between $995,000 and $2,600,000. Prices in 78705 have fallen 21.5% over the last 6 months. A similar home at 4512 Depew Ave, Austin TX 78751 carries an adjusted comparable value of $666,548, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus