This property represents a strong investment opportunity in Austin's competitive market. Our analysis indicates the listing is priced approximately 4.1% below market value, presenting immediate equity potential of ~$20,000.
Offer Range: $460,000 - $475,000
Start with $460,000 (5.2% below asking) and be prepared to negotiate up to $475,000.
The property's location in the highly desirable 78701 zip code and recent comparable sales
support this valuation.
| Attribute | This Property | Market Average |
|---|---|---|
| Price per Sq Ft | $242 | $255 |
| Lot Size | 0.18 acres | 0.15 acres |
| Year Built | 2018 | 1995 |
| Days on Market | 12 days | 28 days |
| School Rating | 9/10 | 7/10 |
Recent sales within 0.5 miles, similar size and age:
| Address | Sale Price | Date | $/Sq Ft |
|---|---|---|---|
| 125 Main St | $472,000 | Dec 2024 | $248 |
| 119 Oak Ave | $458,000 | Nov 2024 | $241 |
| 201 Elm St | $495,000 | Oct 2024 | $252 |
| Purchase Price | $465,000 |
| Down Payment (20%) | $93,000 |
| Closing Costs | $9,300 |
| Total Cash Needed | $102,300 |
| Principal & Interest | $2,180 |
| Property Taxes | $775 |
| Insurance | $125 |
| HOA Fees | $150 |
| Total Monthly | $3,230 |
Opening Offer: $460,000 (5.2% below asking)
Justification: Point to comparable at 119 Oak Ave ($458k) and request seller cover $3k in closing costs.
Contingencies: Standard inspection, appraisal, and financing contingencies recommended.
Timeline: 30-day close should be acceptable given market conditions.
Based on our analysis, this property represents a solid investment opportunity. We recommend moving quickly given the competitive Austin market.
Contact our analysis team at reports@dwellchecker.app
Reference Report ID: RPT-2025-001