1608 RAVEY ST # A, Austin TX 78704

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $794,884. Pricing this home between $944,000 and $965,000 would put it in the competitive sweet spot for SOUTH LAMAR. Buyers shopping in SOUTH LAMAR right now would see this as a well positioned option among 7 comparable homes. The smaller lot (0.00 acres versus the area average of 0.09) contributes to the valuation. Current inventory shows 7 comparable homes in SOUTH LAMAR; a buyer's market based on recent absorption. Market data shows 78704 prices fallen 3.8% over the last half year. The closest comparable sale, 2520 Bluebonnet LN # 48, Austin TX 78704 at an adjusted $574,958, is a strong comparable. The comp data here (7 sales in SOUTH LAMAR) 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