603 E 49th ST, Austin TX 78751

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $618,927. I'd recommend coming to market at $533,000 to $543,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 78751, this price positions the property as the most expensive of 3 comparable homes on the market. Built in 1935, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.24 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in 78751; a buyer's market based on recent absorption. The trend in 78751 shows prices have risen 0.5% in the past 6 months. 921 E 51st ST # 1, Austin TX 78751 nearby adjusts to $480,022; a strong comparable. Based on 7 relevant data points in 78751, 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