1201 Elm ST # 2, Austin TX 78703

The estimated value of this property is $2,326,781, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $3,403,000 and $3,436,000. Among the similar homes currently available in 78703, this price point stands out as competitive. This home's larger footprint (411 sqft vs the comp average) plays a role in how the market prices it. The 0.09 acre lot (larger than the 0.06 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78703; a buyer's market based on recent absorption. Recent trends in 78703 show home values have fallen 4.3% since 6 months ago. The most comparable recent sale is 901 W 9th ST # 1002, Austin TX 78703, with an adjusted value of $2,886,698; with a smaller floor plan. Based on 7 relevant data points in 78703, 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