1004 W Monroe ST, Austin TX 78704

The market data from 7 similar recent sales in CAPITAL HEIGHTS points to a value of approximately $728,090. To sell within a reasonable timeframe at fair market value, the $1,085,000 to $1,111,000 range is where I'd position this. With 7 comparable homes on the market in CAPITAL HEIGHTS, this price positions the property as the most affordable of 7 comparable homes on the market. The 1947 construction puts this home 36 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in CAPITAL HEIGHTS; a buyer's market based on recent absorption. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 2607 S 4th ST, Austin TX 78704, adjusting to $592,703; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group