After reviewing 4 recent transactions in MASONFIELD, I estimate this property's value at $661,993. A competitive list price for this home right now would fall in the $394,000 to $404,000 range. This pricing would rank the home as the 3rd least expensive of 6 comparable homes on the market in MASONFIELD's current inventory. At 242 sqft larger than the typical comp, the size difference factors into the valuation. 6 similar homes are currently available in MASONFIELD, creating a buyer's market for this price range. Prices in 78721 have fallen 5% over the last 6 months. A similar home at 3204 E 14th 1/2 ST, Austin TX 78721 carries an adjusted comparable value of $731,870, providing a strong data point. With 4 comparable sales in MASONFIELD, 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
