1120 Fairmount Ave # A, Austin TX 78704

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $975,457. I'd recommend coming to market at $1,284,000 to $1,292,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in TRAVIS HEIGHTS, this price positions the property as the most affordable of 7 comparable homes on the market. This home's larger footprint (227 sqft vs the comp average) plays a role in how the market prices it. The 0.00 acre lot (smaller than the 0.14 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in TRAVIS HEIGHTS, listed between $1,050,000 and $1,850,000. The trend in TRAVIS HEIGHTS shows prices have fallen 21.6% in the past 6 months. 2118 Glendale PL # 1, Austin TX 78704 nearby adjusts to $809,966; a strong comparable. Based on 5 relevant data points in TRAVIS HEIGHTS, 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