1122 Colorado ST # 2003, Austin TX 78701

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $547,377. I'd recommend coming to market at $451,000 to $461,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in WESTGATE CONDO. Built in 1965, this home is 23 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in WESTGATE CONDO (a buyer's market), competition is a factor to consider. The trend in 78701 shows prices have fallen 17.5% in the past 6 months. 1122 Colorado ST # 1507, Austin TX 78701 nearby adjusts to $525,720; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group