1600 NICKERSON ST # B, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $771,435. To generate strong buyer interest while maximizing value, I'd price this between $846,000 and $895,000. In the current SOCO CONDO market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The 2005 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.00 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. 3 similar homes are currently available in SOCO CONDO, creating a buyer's market for this price range. The trend in 78704 shows prices have fallen 5.7% in the past 6 months. 310 Terrace DR # B, Austin TX 78704 nearby adjusts to $826,123; a strong comparable. 7 comparable transactions in SOCO 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