1616 Confederate Ave, Austin TX 78703

The market data from 7 similar recent sales in WESTRIDGE points to a value of approximately $875,586. To sell within a reasonable timeframe at fair market value, the $461,000 to $471,000 range is where I'd position this. In the current WESTRIDGE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 1922 construction puts this home 72 years older than the comp average, a factor in the pricing. At 0.08 acres, the lot is larger than the 0.04 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in WESTRIDGE, ranging from $449,000 to $870,000. In 78703, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 900 W Lynn ST, Austin TX 78703, adjusting to $804,010; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group