The estimated value of this property is $1,223,125, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,905,000 and $1,960,000. With 7 comparable homes on the market in ROBERTSON GEORGE, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 1906, this home is 86 years older than the average comp, which is reflected in the adjustments. The 0.15 acre lot (larger than the 0.09 acre average) is reflected in the estimate. With 7 similar homes currently listed in ROBERTSON GEORGE (a balanced market), competition is a factor to consider. Recent trends in ROBERTSON GEORGE show home values have fallen 59% since 6 months ago. The most comparable recent sale is 1175 Navasota ST # 1, Austin TX 78702, with an adjusted value of $1,074,160; with a larger floor plan. Based on 7 relevant data points in ROBERTSON GEORGE, 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