512 EBERHART LN # 1201, Austin TX 78745

After reviewing 5 recent transactions in 78745, I estimate this property's value at $368,806. A competitive list price for this home right now would fall in the $304,000 to $314,000 range. Buyers shopping in 78745 right now would see this as a well positioned option among 4 comparable homes. At 8 years older than typical comps, the 2009 build date influences the valuation. The larger lot (0.10 acres versus the area average of 0.07) contributes to the valuation. Current inventory shows 4 comparable homes in 78745; a buyer's market based on recent absorption. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 5924 S Congress Ave # 114S, Austin TX 78745 carries an adjusted comparable value of $364,241, providing a strong data point. With 5 comparable sales in 78745, 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