1800 Lavaca ST # 512, Austin TX 78701

The market data from 7 similar recent sales in GREENWOOD TOWERS points to a value of approximately $185,591. To sell within a reasonable timeframe at fair market value, the $190,000 to $210,000 range is where I'd position this. In the current GREENWOOD TOWERS market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 1966 construction puts this home 12 years older than the comp average, a factor in the pricing. At 0.01 acres, the lot is smaller than the 0.16 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in GREENWOOD TOWERS; a buyer's market based on recent absorption. In 78701, home values have fallen approximately 17.8% over the past 6 months. One of the strongest data points is 1800 Lavaca ST # 413, Austin TX 78701, adjusting to $171,285; 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