1800 Lavaca ST # 401, Austin TX 78701

The market data from 7 similar recent sales in GREENWOOD TOWERS points to a value of approximately $197,917. To sell within a reasonable timeframe at fair market value, the $204,000 to $208,000 range is where I'd position this. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in GREENWOOD TOWERS. At 0.01 acres, the lot is smaller than the 0.05 acre comp average, which factors into pricing. With 7 similar homes currently listed in GREENWOOD TOWERS (a buyer's market), competition is a factor to consider. In 78701, home values have fallen approximately 23.9% over the past 6 months. One of the strongest data points is 1800 Lavaca ST # 402, Austin TX 78701, adjusting to $208,820; a strong comparable. 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