505 E 49th ST, Austin TX 78751

The estimated value of this property is $964,909, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $727,000 and $737,000. With 7 comparable homes on the market in PATTERSON HEIGHTS ANNEX, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. Built in 2004, this home is 8 years newer than the average comp, which is reflected in the adjustments. The 0.21 acre lot (larger than the 0.13 acre average) is reflected in the estimate. With 7 similar homes currently listed in PATTERSON HEIGHTS ANNEX (a buyer's market), competition is a factor to consider. Recent trends in 78751 show home values have fallen 11.6% since 6 months ago. The most comparable recent sale is 936 E 50th ST, Austin TX 78751, with an adjusted value of $918,097; with a larger 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