5616 S 1st ST # 27, Austin TX 78745

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $591,249. I'd recommend coming to market at $430,000 to $440,000 to strike the right balance between value and market velocity. Against 7 similar active listings in TURTLE CREEK COMM, this price point lands at the 2nd least expensive of 7 comparable homes on the market. At 215 sqft larger than the typical comp, the size difference factors into the valuation. The 0.00 acre lot (smaller than the 0.16 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in TURTLE CREEK COMM, ranging from $369,500 to $895,000. The trend in 78745 shows prices have fallen 5% in the past 6 months. 5805 Mojave DR, Austin TX 78745 nearby adjusts to $900,890; a strong comparable. Based on 3 relevant data points in TURTLE CREEK COMM, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX