1608 RAVEY ST # A, Austin TX 78704

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $814,700. To generate strong buyer interest while maximizing value, I'd price this between $1,075,000 and $1,124,000. Against 7 similar active listings in SOUTH LAMAR, this price point lands at the 2nd least expensive of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.10 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in SOUTH LAMAR; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 1.8% in the past 6 months. 2520 Bluebonnet LN # 48, Austin TX 78704 nearby adjusts to $574,932; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group