7906 S 1st ST, Austin TX 78748

The comparable sales data (7 recent transactions in CANNON) supports an estimated value of $410,150. The data suggests a list price between $251,000 and $261,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in CANNON, this home would be the 2nd most expensive of 7 comparable homes on the market. Being built in 1951 (35 years older than comps) is factored into the value estimate. Lot size matters here: 1.48 acres versus 0.19 for the typical comp. With 7 similar homes currently listed in CANNON (a balanced market), competition is a factor to consider. Prices in 78748 have fallen 4.7% over the last 6 months. A similar home at 7113 Bill Hughes RD, Austin TX 78745 carries an adjusted comparable value of $435,800, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in CANNON. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group