1504 Collier ST # 7, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $444,590. To generate strong buyer interest while maximizing value, I'd price this between $584,000 and $599,000. With 7 comparable homes on the market in LYRIC CONDO, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 0.04 acres, the lot is smaller than the 2.28 acre comp average, which factors into pricing. With 7 similar homes currently listed in LYRIC CONDO (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 2505 Thornton RD # 2208, Austin TX 78704 nearby adjusts to $378,292; a strong comparable. 7 comparable transactions in LYRIC CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group