807 Edgecliff TER, Austin TX 78704

Based on 5 closed sales in ZILLER, the data points to a value around $1,584,291 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,028,000 to $1,038,000. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in ZILLER's current inventory. This home's larger footprint (456 sqft vs the comp average) plays a role in how the market prices it. Being built in 2007 (8 years older than comps) is factored into the value estimate. The active market in ZILLER includes 7 comparable homes priced from $875,000 to $2,750,000. Market data shows 78704 prices fallen 2.8% over the last half year. The closest comparable sale, 2204 Lindell Ave, Austin TX 78704 at an adjusted $1,450,915, is with a larger floor plan. The strength of this estimate comes from 5 directly comparable sales in ZILLER. 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