0.07 miRenovated
MLS Sold$420k
$280/sf
6895 NW 9th St, Austin TX
- 6 bd · 4 ba
- 1,500 sqft · built 2015
- Sold 181d ago · 31d on market
Very close to subject size
Selected because all three are renovated, match the single family layout, and lack distinguishing premium features (no pool, no garage upgrades), keeping them tight to the subject. All three closed within the last 7 months and within 0.36mi of the subject.
Max allowable offer
$152,900
65% of ARV − repairs − fee
Open negotiation around $143,700
After repair value
$449,000
Est. repairs
$129,000
Sale to buyer
$162,900
Leod suggests 65% MAO for this submarket
Based on submarket trends — recent sub-MAO buyer activity and a stable for-sale regime in this ZIP support a 65% rule.
Inputs
Max allowable offer (% of ARV)
The 3 strongest comps Leod selected to value this property.
$420k
$280/sf
6895 NW 9th St, Austin TX
Very close to subject size
$527k
$342/sf
3381 Palmetto Dr, Austin TX
Comp is 90 sqft larger
$448k
$313/sf
485 Lakeview Rd, Austin TX
Very close to subject size
Standard adjustments applied for differences between each comp and the subject.
ARV rolled up from the 3 selected comparables, with adjustments applied.
Estimated ARV range
$395,000 – $501,000
Avg square feet
1,490 sqft
Subject 1,450 sqft
Price per sqft
$301/sf
Weighted across comps
Avg bedrooms
5.7
Subject 5
Avg bathrooms
3.7
Subject 3
Avg lot size
0.18 ac
Subject 0.14 ac
Avg year built
2003
Subject 2005
Avg distance
0.2 mi
From subject
Avg months sold
6 mo
Recency-weighted
Notes