1511 Drake Ave # B, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $393,287. To generate strong buyer interest while maximizing value, I'd price this between $208,000 and $218,000. Among the similar homes currently available in FAIRVIEW PARK, this price point stands out as competitive. The 1936 construction puts this home 24 years older than the comp average, a factor in the pricing. At 0.14 acres, the lot is larger than the 0.06 acre comp average, which factors into pricing. Buyers in FAIRVIEW PARK have 7 comparable options right now, with asking prices between $219,000 and $429,000. The trend in 78704 shows prices have fallen 4.6% in the past 6 months. 310 B LEGRANDE Ave, Austin TX 78704 nearby adjusts to $388,530; a strong comparable. 7 comparable transactions in FAIRVIEW PARK 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