1800 Lavaca ST # 313, Austin TX 78701

The market data from 7 similar recent sales in GREENWOOD TOWERS points to a value of approximately $188,582. To sell within a reasonable timeframe at fair market value, the $157,000 to $167,000 range is where I'd position this. With 7 comparable homes on the market in GREENWOOD TOWERS, this price positions the property as the most expensive of 7 comparable homes on the market. The 1966 construction puts this home 11 years older than the comp average, a factor in the pricing. At 0.01 acres, the lot is smaller than the 0.05 acre comp average, which factors into pricing. The active market in GREENWOOD TOWERS includes 7 comparable homes priced from $174,000 to $209,999. In 78701, home values have fallen approximately 13.8% over the past 6 months. One of the strongest data points is 1800 Lavaca ST # 413, Austin TX 78701, adjusting to $164,150; 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