Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $437,957. To generate strong buyer interest while maximizing value, I'd price this between $295,000 and $305,000. Against 7 similar active listings in LAWLESS, this price point lands at the most expensive of 7 comparable homes on the market. The 1916 construction puts this home 47 years older than the comp average, a factor in the pricing. At 0.14 acres, the lot is larger than the 0.11 acre comp average, which factors into pricing. Buyers in LAWLESS have 7 comparable options right now, with asking prices between $299,000 and $460,000. The trend in 78705 shows prices have fallen 15.3% in the past 6 months. 1408 W 39th 1/2 ST, Austin TX 78756 nearby adjusts to $499,947; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group