The estimated value of this property is $1,736,544, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,060,000 and $1,070,000. With 7 comparable homes on the market in FAIRVIEW COMMONS CONDO, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (132 sqft vs the comp average) plays a role in how the market prices it. Built in 1890, this home is 109 years older than the average comp, which is reflected in the adjustments. The active market in FAIRVIEW COMMONS CONDO includes 7 comparable homes priced from $975,000 to $2,895,000. Recent trends in 78704 show home values have fallen 1.9% since 6 months ago. The most comparable recent sale is 1402 Drake Ave, Austin TX 78704, with an adjusted value of $2,068,097; with a smaller floor plan. Based on 7 relevant data points in FAIRVIEW COMMONS CONDO, 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
