5616 1st ST # 1, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $526,042. For a well positioned listing in CREEKSIDE, I'd target the $420,000 to $430,000 range. In the current CREEKSIDE market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (124 sqft vs the comp average) plays a role in how the market prices it. At 0.00 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in CREEKSIDE; a buyer's market based on recent absorption. Recent trends in CREEKSIDE show home values have risen 1.8% since 6 months ago. The most comparable recent sale is 5616 S 1st ST # 45, Austin TX 78745, with an adjusted value of $538,597; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group