509 W 16th ST, Austin TX 78701

Off Market

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Ed's Opinion of Value

$585,717 Ed's Estimate: $850,101 $1,599,000

Lowest Comp Recommended List: $403,000 to $413,000 Highest Comp

After reviewing 5 recent transactions in DIVISION, I estimate this property's value at $850,101. A competitive list price for this home right now would fall in the $403,000 to $413,000 range. Buyers shopping in DIVISION right now would see this as a well positioned option among 7 comparable homes. The larger floor plan (113 sqft compared to the average comp) is a meaningful differentiator in this price range. With 7 similar homes currently listed in DIVISION (a buyer's market), competition is a factor to consider. Prices in DIVISION have risen 20.1% over the last 6 months. A similar home at 907 E 15th ST, Austin TX 78702 carries an adjusted comparable value of $729,174, providing a strong data point. With 5 comparable sales in DIVISION, 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

DIVISION Market Trends

$741,875 Median Sold Price ▲ 20.1% 6mo

$535/sqft Median $/SqFt ▼ 4.3% 6mo

66 days Avg Days on Market 42 days faster

19 homes Active Inventory 6.3 mo supply

94.8% Sale-to-List Ratio

18 Sales (6 months)

Recently Sold Comparables

$729,174 adjusted 907 E 15th ST, Austin TX 78702 2bd / 2.0ba • 1,444 sqft • 0.9 mi Sold 7 months ago

$1,439,643 adjusted 1018 Shelley Ave, Austin TX 78703 3bd / 2.0ba • 1,432 sqft • 0.7 mi Sold 5 months ago

$700,397 adjusted 2312 Canterbury St #A, Austin TX 78702 2bd / 1.0ba • 1,128 sqft • 2.3 mi Sold 7 days ago

$704,985 adjusted 1909 E 14th ST, Austin TX 78702 2bd / 1.0ba • 916 sqft • 1.5 mi Sold 2 months ago

$585,717 adjusted 2102 E 14th ST # A, Austin TX 78702 3bd / 2.0ba • 964 sqft • 1.6 mi Sold 7 months ago

Currently on Market

$639,000 2107 E 13th ST, Austin TX 78702 2bd / 2.0ba • 1,204 sqft • 1.6 mi 3 days on market

$625,000 1122 Chicon ST, Austin TX 78702 3bd / 2.0ba • 1,442 sqft • 1.6 mi 9 days on market

$1,599,000 300 Pressler ST # 212, Austin TX 78703 2bd / 2.0ba • 1,452 sqft • 1.2 mi 52 days on market

2 Beds

2 Baths 2 Full

1,290 Sq Ft

0.124 Acres

1925 Built

About This Property

Pretty much land value only. Structures on Property are run down. Garage is truly a tear down.Great Locale-right in the thick of things. Convenient to UT.Rental is feasible for non-picky tenant. Kitchen is nice - warm and cozy-Be careful when you walk up to the front porch-front porch planks are not in good shape.Highest and Best Use would require a tear down.Zoned for residential use- Asbestos presence ( not known )Tear down and get REZONED. Restrictions: Yes

Features

Primary Bedroom on Main

Location

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Schools

School District Austin ISD

Elementary Bryker Woods

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Carpet, Concrete, Wood

Cooling Wall/Window Unit(s)

Heating Space Heater

Exterior Exterior Steps, Private Yard

County Travis

MLS # 7878673

Tax Information

Annual Taxes $6,303 (2011)

Listing History

MLS# 7878673 4 days

Feb 1, 2012	Off Market
Feb 1, 2012	Pending
Jan 28, 2012	Listed	$250,000

Frequently Asked Questions About 509 W 16th ST, Austin TX 78701

When was 509 W 16th ST, Austin TX 78701 built?

509 W 16th ST, Austin TX 78701 was built in 1925.

How much does 509 W 16th ST, Austin TX 78701 cost?

509 W 16th ST, Austin TX 78701 sold on February 1, 2012. Contact us for sale price details.

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