506 E 40th ST, Austin TX 78751

The market data from 3 similar recent sales in 78751 points to a value of approximately $1,831,445. To sell within a reasonable timeframe at fair market value, the $1,182,000 to $1,192,000 range is where I'd position this. Against 7 similar active listings in 78751, this price point lands at the 4th most expensive of 7 comparable homes on the market. The larger floor plan (569 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1907 construction puts this home 8 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78751 (a buyer's market), competition is a factor to consider. In 78751, home values have risen approximately 0.1% over the past 6 months. One of the strongest data points is 4104 Avenue F, Austin TX 78751, adjusting to $2,600,735; with a smaller floor plan. 3 comparable transactions in 78751 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