931 E 55th ST, Austin TX 78751

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $369,309. I'd recommend coming to market at $201,000 to $211,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in HILL, this price positions the property as the most expensive of 7 comparable homes on the market. At 314 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.28 acre lot (larger than the 0.10 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in HILL; a buyer's market based on recent absorption. The trend in 78751 shows prices have risen 5.8% in the past 6 months. 932 E 53 1/2 ST, Austin TX 78751 nearby adjusts to $353,666; with a larger floor plan. With 7 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