1205 Elm ST # 4, Austin TX 78703

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,082,092. Pricing this home between $907,000 and $917,000 would put it in the competitive sweet spot for 78703. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in 78703's current inventory. The smaller lot (0.00 acres versus the area average of 0.07) contributes to the valuation. Current inventory shows 7 comparable homes in 78703; a buyer's market based on recent absorption. Market data shows 78703 prices fallen 9.3% over the last half year. The closest comparable sale, 501 West Ave # 804, Austin TX 78701 at an adjusted $938,549, is a strong comparable. With 7 comparable sales in 78703, 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