1100 Robert E Lee DR # 1117, Austin TX 78704

The market data from 7 similar recent sales in 78704 points to a value of approximately $934,484. To sell within a reasonable timeframe at fair market value, the $458,000 to $468,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78704. The 364 sqft size difference versus comparable sales is reflected in the adjusted values. The 1971 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78704, listed between $465,000 and $1,400,000. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 2306 Arpdale ST # A, Austin TX 78704, adjusting to $611,067; a strong comparable. 7 comparable transactions in 78704 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group