713 E 50th ST, Austin TX 78751

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $599,892. I'd recommend coming to market at $282,000 to $292,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in WALLACE J, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Built in 1955, this home is 6 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in WALLACE J; a buyer's market based on recent absorption. The trend in 78751 shows prices have risen 5.8% in the past 6 months. 905 E 55th 1/2 ST, Austin TX 78751 nearby adjusts to $636,501; a strong comparable. Based on 3 relevant data points in WALLACE J, 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