612 W Elizabeth ST, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,126,078. To generate strong buyer interest while maximizing value, I'd price this between $880,000 and $890,000. In the current SOUTH HEIGHTS market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (148 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 40 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in SOUTH HEIGHTS; a buyer's market based on recent absorption. The trend in SOUTH HEIGHTS shows prices have risen 11% in the past 6 months. 815 W Gibson ST, Austin TX 78704 nearby adjusts to $954,675; 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