1505 Drake Ave, Austin TX 78704

The comparable sales data (7 recent transactions in TRAVIS HEIGHTS) supports an estimated value of $820,683. The data suggests a list price between $304,000 and $314,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in TRAVIS HEIGHTS, this home would be the 3rd most expensive of 7 comparable homes on the market. Being 165 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1939 (19 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in TRAVIS HEIGHTS (a buyer's market), competition is a factor to consider. Prices in TRAVIS HEIGHTS have fallen 21.6% over the last 6 months. A similar home at 1022 Harwood PL, Austin TX 78704 carries an adjusted comparable value of $927,751, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in TRAVIS HEIGHTS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group