1005 Blanco ST, Austin TX 78703

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $711,170. I'd recommend coming to market at $422,000 to $432,000 to strike the right balance between value and market velocity. In the current SILLIMAN market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. Built in 1920, this home is 78 years older than the average comp, which is reflected in the adjustments. The active market in SILLIMAN includes 7 comparable homes priced from $439,000 to $1,100,000. The trend in 78703 shows prices have fallen 9.3% in the past 6 months. 908 Nueces ST # 46, Austin TX 78701 nearby adjusts to $509,281; a strong comparable. Based on 7 relevant data points in SILLIMAN, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX