1602 Nickerson ST, Austin TX 78704

Based on 3 closed sales in SWISHER, the data points to a value around $825,000 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $615,000 to $625,000. This home's position in the current SWISHER market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 183 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1917 (10 years older than comps) is factored into the value estimate. The active market in SWISHER includes 7 comparable homes priced from $574,999 to $1,799,000. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 217 Leland ST, Austin TX 78704 at an adjusted $886,699, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in SWISHER. 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