5616 S 1st ST # 40, Austin TX 78745

After reviewing 3 recent transactions in 78745, I estimate this property's value at $531,270. A competitive list price for this home right now would fall in the $430,000 to $440,000 range. This would position the home competitively among 3 active listings in 78745. Being 319 sqft larger than the average comparable sale in this area impacts the per square foot value. At 5 years newer than typical comps, the 2015 build date influences the valuation. The active market in 78745 includes 3 comparable homes priced from $369,500 to $990,000. Prices in 78745 have fallen 5.2% over the last 6 months. A similar home at 5616 S 1st ST # 45, Austin TX 78745 carries an adjusted comparable value of $621,246, providing a strong data point. With 3 comparable sales in 78745, 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