1501 Barton Springs RD # 202, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $801,320. To generate strong buyer interest while maximizing value, I'd price this between $524,000 and $534,000. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78704. The 1982 construction puts this home 20 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.28 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 5.3% in the past 6 months. 1702 S Lamar BLVD # 5, Austin TX 78704 nearby adjusts to $455,705; 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