506 W 51st ST # B, Austin TX 78751

The estimated value of this property is $463,470, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $247,000 and $257,000. With 3 comparable homes on the market in KOENIG PLACE, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Built in 2015, this home is 46 years newer than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in KOENIG PLACE, listed between $245,000 and $579,000. Recent trends in 78751 show home values have fallen 1.7% since 6 months ago. The most comparable recent sale is 506 W 51st ST # A, Austin TX 78751, with an adjusted value of $470,299; a strong comparable. 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