8103 S 1st ST, Austin TX 78748

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $435,753. I'd recommend coming to market at $358,000 to $368,000 to strike the right balance between value and market velocity. In the current 78748 market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. At 101 sqft larger than the typical comp, the size difference factors into the valuation. The 0.27 acre lot (larger than the 0.23 acre average) is reflected in the estimate. With 7 similar homes currently listed in 78748 (a balanced market), competition is a factor to consider. The trend in 78748 shows prices have fallen 4.7% in the past 6 months. 415 Baldridge DR, Austin TX 78748 nearby adjusts to $362,138; a strong comparable. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group