1501 E 4th ST # 308, Austin TX 78702

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $548,924. I'd recommend coming to market at $376,000 to $386,000 to strike the right balance between value and market velocity. Among the similar homes currently available in FOUNDRY RESIDENTIAL, this price point stands out as competitive. This home's smaller footprint (119 sqft vs the comp average) plays a role in how the market prices it. Built in 2019, this home is 12 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in FOUNDRY RESIDENTIAL (a buyer's market), competition is a factor to consider. The trend in 78702 shows prices have fallen 7% in the past 6 months. 3101 Govalle Ave # 308, Austin TX 78702 nearby adjusts to $490,282; a strong comparable. Based on 7 relevant data points in FOUNDRY RESIDENTIAL, 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