Ed's Opinion of Value

$605,957 Ed's Estimate: $692,338 $1,550,000
Lowest Comp Recommended List: $848,000 to $1,082,000 Highest Comp
The market data from 7 similar recent sales in BROADACRES points to a value of approximately $692,338. To sell within a reasonable timeframe at fair market value, the $848,000 to $1,082,000 range is where I'd position this. At this price, the property would be the most affordable of 5 comparable homes on the market comparable homes currently on the market in BROADACRES. Being 136 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2006 construction puts this home 5 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in BROADACRES (a balanced market), competition is a factor to consider. In BROADACRES, home values have fallen approximately 4.3% over the past 6 months. One of the strongest data points is 912 Romeria DR # A, Austin TX 78757, adjusting to $605,957; 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
3 Beds
3 Baths 1 Full
2,355 Sq Ft
2006 Built

About This Property

Charming 1920's cottage nestled on HUGE lot, Hardwood floors; High ceilings; Original windows; Large deck for entertaining; Ready for move in or adding on! Amazing location!Restrictions: Yes

Features

  • Breakfast Bar
  • High Ceilings
  • Primary Bedroom on Main

Location

Schools

School District Austin ISD
Elementary Brentwood
Middle School Lamar (Austin ISD)
High School McCallum

Property Details

Property Type Residential
Flooring Wood
Cooling Central Air
Heating Central
Exterior None
County Travis
MLS # 4626754

Listing History

MLS# 4626754 35 days
Dec 7, 2006 Off Market
Oct 30, 2006 Pending
Sep 27, 2006 Listed $425,000
Nov 1, 2005 Price Change $399,000

Frequently Asked Questions About 5617 Clay Ave # B, Austin TX 78756

When was 5617 Clay Ave # B, Austin TX 78756 built?

5617 Clay Ave # B, Austin TX 78756 was built in 2006.

How much does 5617 Clay Ave # B, Austin TX 78756 cost?

5617 Clay Ave # B, Austin TX 78756 sold on December 7, 2006. Contact us for sale price details.

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