1801 Lavaca ST, Austin TX 78701

The market data from 7 similar recent sales in CAMBRIDGE CONDO points to a value of approximately $948,847. To sell within a reasonable timeframe at fair market value, the $640,000 to $650,000 range is where I'd position this. With 7 comparable homes on the market in CAMBRIDGE CONDO, this price positions the property as the 4th most expensive of 7 comparable homes on the market. This home's smaller footprint (165 sqft vs the comp average) plays a role in how the market prices it. At 0.01 acres, the lot is smaller than the 0.08 acre comp average, which factors into pricing. 7 similar homes are currently available in CAMBRIDGE CONDO, creating a buyer's market for this price range. In 78701, home values have fallen approximately 24.1% over the past 6 months. One of the strongest data points is 1801 Lavaca ST # 15A, Austin TX 78701, adjusting to $591,316; a strong comparable. 7 comparable transactions in CAMBRIDGE CONDO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group