1807 Pearl ST, Austin TX 78701

Reviewing the most recent comparable transactions, this home's market value falls around $1,400,807. For a well positioned listing in DIVISION, I'd target the $1,170,000 to $1,180,000 range. In the current DIVISION market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Being 153 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1939 construction puts this home 22 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in DIVISION; a buyer's market based on recent absorption. Recent trends in DIVISION show home values have risen 57.7% since 6 months ago. The most comparable recent sale is 903 E 14th ST, Austin TX 78702, with an adjusted value of $1,318,199; with a smaller floor plan. 7 comparable transactions in DIVISION 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