1600 Rio Grande ST, Austin TX 78701

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,246,836. I'd recommend coming to market at $2,023,000 to $2,295,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in DIVISION, this price positions the property as the most affordable of 7 comparable homes on the market. At 1,257 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1896, this home is 26 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in DIVISION, listed between $1,549,000 and $3,399,950. The trend in DIVISION shows prices have risen 48.7% in the past 6 months. 902 Blanco ST, Austin TX 78703 nearby adjusts to $2,298,246; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group