1203 Elm ST # A, Austin TX 78703

The market data from 7 similar recent sales in 78703 points to a value of approximately $3,124,492. To sell within a reasonable timeframe at fair market value, the $2,207,000 to $2,217,000 range is where I'd position this. Against 7 similar active listings in 78703, this price point lands at the 4th most expensive of 7 comparable homes on the market. At 583 sqft larger than the typical comp, the size difference factors into the valuation. At 0.09 acres, the lot is larger than the 0.04 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in 78703, ranging from $1,990,000 to $5,850,000. In 78703, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 210 Lavaca ST # 3603, Austin TX 78701, adjusting to $4,556,989; a strong comparable. 7 comparable transactions in 78703 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group