1700 West Ave, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $1,624,666. For a well positioned listing in DIVISION, I'd target the $2,943,000 to $3,144,000 range. With 2 comparable homes on the market in DIVISION, this price positions the property as the most affordable of 2 comparable homes on the market. Being 4,904 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1922 construction puts this home 30 years older than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have risen 20.1% since 6 months ago. The most comparable recent sale is 1608 Pennsylvania Ave, Austin TX 78702, with an adjusted value of $646,548; 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