1615 E 7th ST # 206, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $333,604. I'd recommend coming to market at $160,000 to $170,000 to strike the right balance between value and market velocity. Against 5 similar active listings in 78702, this price point lands at the most expensive of 5 comparable homes on the market. This home's smaller footprint (325 sqft vs the comp average) plays a role in how the market prices it. The 0.26 acre lot (larger than the 0.01 acre average) is reflected in the estimate. Right now, 5 similar properties are competing for buyers in 78702, listed between $180,000 and $425,000. The trend in 78702 shows prices have fallen 1.8% in the past 6 months. 2220 Webberville RD # 201, Austin TX 78702 nearby adjusts to $265,375; with a larger floor plan. 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