5400 Roosevelt Ave # B, Austin TX 78756

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $496,640. I'd recommend coming to market at $487,000 to $507,000 to strike the right balance between value and market velocity. Against 4 similar active listings in 78756, this price point lands at the most affordable of 4 comparable homes on the market. The 441 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2006, this home is 20 years newer than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in 78756, listed between $739,000 and $1,100,000. The trend in 78756 shows prices have fallen 8.4% in the past 6 months. 5507 Oakwood CV # 2, Austin TX 78731 nearby adjusts to $567,662; with a larger 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