1609 W 9th, Austin TX 78703

The market data from 7 similar recent sales in LAUVE points to a value of approximately $945,899. To sell within a reasonable timeframe at fair market value, the $500,000 to $510,000 range is where I'd position this. In the current LAUVE market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. This home's smaller footprint (107 sqft vs the comp average) plays a role in how the market prices it. The 1925 construction puts this home 21 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in LAUVE (a buyer's market), competition is a factor to consider. In 78703, home values have fallen approximately 9.3% over the past 6 months. One of the strongest data points is 1018 Shelley Ave, Austin TX 78703, adjusting to $1,458,797; a strong comparable. 7 comparable transactions in LAUVE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group