1101 W 22 1/2 ST, Austin TX 78705

Based on 3 closed sales in LAWLESS, the data points to a value around $1,166,073 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $447,000 to $457,000. This would position the home competitively among 7 active listings in LAWLESS. At 153 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1922 (7 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in LAWLESS; a buyer's market based on recent absorption. Market data shows 78705 prices fallen 11.7% over the last half year. The closest comparable sale, 1909 David ST, Austin TX 78705 at an adjusted $1,205,824, is a strong comparable. The strength of this estimate comes from 3 directly comparable sales in LAWLESS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group