1101 Hollow Creek DR # 2108, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $603,772. To generate strong buyer interest while maximizing value, I'd price this between $447,000 and $457,000. With 7 comparable homes on the market in 78704, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 1971 construction puts this home 18 years older than the comp average, a factor in the pricing. At 0.05 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. With 7 similar homes currently listed in 78704 (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 1.6% in the past 6 months. 2306 Arpdale ST # A, Austin TX 78704 nearby adjusts to $596,007; 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