5616 S 1st ST # 12, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $431,240. For a well positioned listing in 78745, I'd target the $454,000 to $594,000 range. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in 78745. The 112 sqft size difference versus comparable sales is reflected in the adjusted values. 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 78745; a buyer's market based on recent absorption. Recent trends in 78745 show home values have fallen 5.2% since 6 months ago. The most comparable recent sale is 5911 Rubicon RUN, Austin TX 78745, with an adjusted value of $450,343; with a smaller floor plan. 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