1801 Lavaca # 7A, Austin TX 78701

My analysis of 7 comparable properties puts this home's estimated value at $628,858. Based on how the local market is moving, a list price between $422,000 and $432,000 would position this home well. Buyers shopping in CAMBRIDGE CONDO right now would see this as a well positioned option among 7 comparable homes. At 6 years newer than typical comps, the 1964 build date influences the valuation. The smaller lot (0.01 acres versus the area average of 0.06) contributes to the valuation. Current inventory shows 7 comparable homes in CAMBRIDGE CONDO; a buyer's market based on recent absorption. The 6 month price trend in 78701: fallen 24.1%. The best comp here is 1801 Lavaca ST # 5E, Austin TX 78701 at an adjusted value of $631,063, a strong comparable. With 7 comparable sales in CAMBRIDGE CONDO, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group