508 Vermont RD, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $632,586. For a well positioned listing in DIVISION, I'd target the $422,000 to $432,000 range. Among the similar homes currently available in DIVISION, this price point stands out as competitive. The 1951 construction puts this home 14 years older than the comp average, a factor in the pricing. At 0.23 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have risen 57.7% since 6 months ago. The most comparable recent sale is 1810 Sanchez ST, Austin TX 78702, with an adjusted value of $591,401; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group