1606 Ravey # A, Austin TX 78704

After reviewing 6 recent transactions in 78704, I estimate this property's value at $725,857. A competitive list price for this home right now would fall in the $1,125,000 to $1,167,000 range. Relative to what's currently available in 78704, this home would be the most affordable of 7 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.11) contributes to the valuation. 7 similar homes are currently available in 78704, creating a buyer's market for this price range. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 1205 Kinney Ave # A, Austin TX 78704 carries an adjusted comparable value of $662,140, providing a strong data point. The comp data here (6 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