1800 E 4th ST # 261, Austin TX 78702

My analysis of 7 comparable properties puts this home's estimated value at $477,066. Based on how the local market is moving, a list price between $191,000 and $201,000 would position this home well. Relative to what's currently available in FOURTH& CONDOS, this home would be the most expensive of 3 comparable homes on the market. The smaller floor plan (1,037 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.01 acres versus the area average of 0.06) contributes to the valuation. Current inventory shows 3 comparable homes in FOURTH& CONDOS; a buyer's market based on recent absorption. The 6 month price trend in 78702: fallen 2.2%. The best comp here is 1800 E 4th ST # 207, Austin TX 78702 at an adjusted value of $301,673, with a larger floor plan. The comp data here (7 sales in FOURTH& CONDOS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus