514 E 40th, Austin TX 78751

The estimated value of this property is $1,120,616, based on 5 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $493,000 and $503,000. In the current OAKLAWN market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Being 109 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 1925, this home is 10 years older than the average comp, which is reflected in the adjustments. Buyers in OAKLAWN have 7 comparable options right now, with asking prices between $499,000 and $1,195,000. Recent trends in 78751 show home values have risen 5.8% since 6 months ago. The most comparable recent sale is 504 E 38th 1/2 ST, Austin TX 78751, with an adjusted value of $840,583; a strong comparable. With 5 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