512 I Eberhart # 1006, Austin TX 78745

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $240,440. I'd recommend coming to market at $162,000 to $172,000 to strike the right balance between value and market velocity. In the current 78745 market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 114 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1983, this home is 10 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 78745; a buyer's market based on recent absorption. The trend in 78745 shows prices have fallen 5.2% in the past 6 months. 1630 Chippeway LN, Austin TX 78745 nearby adjusts to $325,244; a strong comparable. Based on 7 relevant data points in 78745, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX