1611 Ulit Ave # B, Austin TX 78702

The estimated value of this property is $411,261, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $174,000 and $184,000. With 7 comparable homes on the market in ULIT H, this price positions the property as the most expensive of 7 comparable homes on the market. Built in 2006, this home is 30 years newer than the average comp, which is reflected in the adjustments. The 0.14 acre lot (larger than the 0.07 acre average) is reflected in the estimate. With 7 similar homes currently listed in ULIT H (a buyer's market), competition is a factor to consider. Recent trends in 78702 show home values have fallen 2.2% since 6 months ago. The most comparable recent sale is 1601 Miriam Ave # 315, Austin TX 78702, with an adjusted value of $318,574; a strong comparable. Based on 7 relevant data points in ULIT H, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX