1808 W 8th ST, Austin TX 78703

Based on 7 closed sales in WASHINGTON HEIGHTS, the data points to a value around $722,327 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $486,000 to $496,000. Buyers shopping in WASHINGTON HEIGHTS right now would see this as a well positioned option among 7 comparable homes. Being built in 1928 (42 years older than comps) is factored into the value estimate. Lot size matters here: 0.22 acres versus 0.06 for the typical comp. There are currently 7 similar homes on the market in WASHINGTON HEIGHTS, ranging from $499,999 to $975,000. Market data shows 78703 prices fallen 9.3% over the last half year. The closest comparable sale, 710 Colorado ST # 3B, Austin TX 78701 at an adjusted $625,630, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in WASHINGTON HEIGHTS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group