1700 Michael ST, Austin TX 78704

My analysis of 7 comparable properties puts this home's estimated value at $316,068. Based on how the local market is moving, a list price between $230,000 and $240,000 would position this home well. Relative to what's currently available in 78704, this home would be the most expensive of 7 comparable homes on the market. The larger lot (0.35 acres versus the area average of 0.03) contributes to the valuation. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 1240 BARTON HILLS DR # 111, Austin TX 78704 at an adjusted value of $293,688, a strong comparable. With 7 comparable sales in 78704, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group