1705 Newton ST, Austin TX 78704

Taking into account 7 nearby comparable sales, this property's estimated value comes to $540,076. If we were to list this property today, I'd recommend a list price in the $276,000 to $286,000 range. This home's position in the current SWISHER market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. Being built in 1910 (48 years older than comps) is factored into the value estimate. Lot size matters here: 0.18 acres versus 0.09 for the typical comp. Current inventory shows 7 comparable homes in SWISHER; a buyer's market based on recent absorption. The 6 month price trend in 78704: fallen 5.7%. The best comp here is 516 Lockhart DR, Austin TX 78704 at an adjusted value of $692,049, a strong comparable. The strength of this estimate comes from 7 directly comparable sales in SWISHER. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group