1122 Colorado # 1107, Austin TX 78701

My analysis of 7 comparable properties puts this home's estimated value at $772,413. Based on how the local market is moving, a list price between $506,000 and $516,000 would position this home well. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in 78701's current inventory. At 37 years older than typical comps, the 1965 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.05) contributes to the valuation. There are currently 7 similar homes on the market in 78701, ranging from $449,000 to $1,350,000. The 6 month price trend in 78701: fallen 23.9%. The best comp here is 1122 Colorado ST # 1507, Austin TX 78701 at an adjusted value of $538,438, with a smaller floor plan. With 7 comparable sales in 78701, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group