1611 W 8th ST, Austin TX 78703

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $688,108. I'd recommend coming to market at $384,000 to $394,000 to strike the right balance between value and market velocity. Against 7 similar active listings in LAUVE, this price point lands at the 3rd most expensive of 7 comparable homes on the market. The 106 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1924, this home is 35 years older than the average comp, which is reflected in the adjustments. The active market in LAUVE includes 7 comparable homes priced from $349,990 to $899,000. The trend in 78703 shows prices have fallen 9.3% in the past 6 months. 1105 Maufrais ST, Austin TX 78703 nearby adjusts to $724,428; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group