506 Franklin BLVD, Austin TX 78751

After reviewing 5 recent transactions in NORTHFIELD, I estimate this property's value at $429,986. A competitive list price for this home right now would fall in the $474,000 to $527,000 range. Relative to what's currently available in NORTHFIELD, this home would be the most affordable of 4 comparable homes on the market. At 117 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.19 acres versus the area average of 0.15) contributes to the valuation. Right now, 4 similar properties are competing for buyers in NORTHFIELD, listed between $475,000 and $600,000. Prices in 78751 have fallen 12% over the last 6 months. A similar home at 5517 Avenue G # A, Austin TX 78751 carries an adjusted comparable value of $470,410, providing a strong data point. With 5 comparable sales in NORTHFIELD, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group