712 W 16th ST, Austin TX 78701

The market data from 7 similar recent sales in DIVISION points to a value of approximately $1,681,068. To sell within a reasonable timeframe at fair market value, the $2,318,000 to $2,365,000 range is where I'd position this. 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 DIVISION. Being 1,777 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1897 construction puts this home 88 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in DIVISION, ranging from $1,399,990 to $2,975,000. In DIVISION, home values have risen approximately 20.6% over the past 6 months. One of the strongest data points is 802 Pressler ST, Austin TX 78703, adjusting to $2,980,918; with a smaller floor plan and a pool. 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