1705 Drake Ave, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $1,585,565. For a well positioned listing in FAIRVIEW PARK, I'd target the $868,000 to $878,000 range. Against 7 similar active listings in FAIRVIEW PARK, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The 698 sqft size difference versus comparable sales is reflected in the adjusted values. The 1907 construction puts this home 73 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in FAIRVIEW PARK, listed between $975,000 and $2,700,000. Recent trends in FAIRVIEW PARK show home values have fallen 53% since 6 months ago. The most comparable recent sale is 1402 Drake Ave, Austin TX 78704, with an adjusted value of $1,726,343; with a larger floor plan. 7 comparable transactions in FAIRVIEW PARK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group