1505 Newton ST # B, Austin TX 78704

After reviewing 5 recent transactions in 78704, I estimate this property's value at $948,134. A competitive list price for this home right now would fall in the $578,000 to $588,000 range. This home's position in the current 78704 market: the most expensive of 3 comparable homes on the market among comparable properties. At 132 sqft smaller than the typical comp, the size difference factors into the valuation. At 6 years older than typical comps, the 2004 build date influences the valuation. Current inventory shows 3 comparable homes in 78704; a buyer's market based on recent absorption. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 310 Terrace DR # B, Austin TX 78704 carries an adjusted comparable value of $927,102, providing a strong data point. The comp data here (5 sales in 78704) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus