513 Hearn ST, Austin TX 78703

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,722,662. I'd recommend coming to market at $1,312,000 to $1,322,000 to strike the right balance between value and market velocity. With 5 comparable homes on the market in JOHNSON CHARLES, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. Built in 2004, this home is 6 years older than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in JOHNSON CHARLES; a buyer's market based on recent absorption. The trend in 78703 shows prices have fallen 12.9% in the past 6 months. 2312 W 8th ST, Austin TX 78703 nearby adjusts to $1,640,505; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group